Branch manager among 5 arrested for theft from a gold finance company | Nagpur News
WARDHA: In less than six hours, police solved the Muthoot Fincorp robbery case and arrested five people, including the company’s branch manager, within 14 hours of the incident, the Police Commissioner (SP) Prashant Holkar.
Police also recovered 2.5 kg of gold from 9 kg stolen and seized six cell phones, a gun and a car, worth a total of Rs 4.75 crore, and cash 3.10 lakh Rs. The five people were placed under arrest on Friday.
According to Holkar, the theft was planned by branch manager Mahesh Shrirang with his four friends. “All five of the accused are from Yavatmal district,” he said.
The preliminary investigation revealed that the crime was committed to repay a debt owed by one of the accused.
The robbery took place Thursday morning. One of the defendants posing as a courier entered the company’s office in Baden Square here and snatched gold and silver at gunpoint. The police immediately began a series of interrogations and the needle of suspicion pointed at the branch manager.
“During the interrogation, Shrirang gave vague answers and confessed to the crime as soon as the police gave a harsh speech,” the SP said.
The SP further stated that Shrirang was present at the scene at the time of the theft “so that there would be no difficulty in committing the crime.” Shrirang was arrested after being interrogated.
We learn that Shrirang and other defendants, identified as Kushal Agashe, Manish Gholave, Jeevan Giradkar and Kunal Shendre, are childhood friends. According to the SP, Agashe was losing money in her medical business and was in debt. “The defendants told police that they planned the theft because of the debt due to loss of business,” he said.
“Agashe was arrested in Wardha while the other three defendants were detained as they tried to flee to Yavatmal,” the SP said.
The heist plan hatched within two weeks. “We are investigating whether other people are involved in the crime,” said the SP, which announced a reward of 35,000 rupees for the investigation team. The award was presented to the team in the evening by Minister of the State Cabinet Prajakt Tanpure who was in Wardha on Friday.
“The stolen gold has not been audited. So there is a strong possibility of irregularities in the administrative work, ”said Holkar while assuring depositors that their valuables will be recovered.
A source said Shrirang previously worked for Shriram Finance in Yavatmal, where he was charged in a cheating case.
Police also recovered 2.5 kg of gold from 9 kg stolen and seized six cell phones, a gun and a car, worth a total of Rs 4.75 crore, and cash 3.10 lakh Rs. The five people were placed under arrest on Friday.
According to Holkar, the theft was planned by branch manager Mahesh Shrirang with his four friends. “All five of the accused are from Yavatmal district,” he said.
The preliminary investigation revealed that the crime was committed to repay a debt owed by one of the accused.
The robbery took place Thursday morning. One of the defendants posing as a courier entered the company’s office in Baden Square here and snatched gold and silver at gunpoint. The police immediately began a series of interrogations and the needle of suspicion pointed at the branch manager.
“During the interrogation, Shrirang gave vague answers and confessed to the crime as soon as the police gave a harsh speech,” the SP said.
The SP further stated that Shrirang was present at the scene at the time of the theft “so that there would be no difficulty in committing the crime.” Shrirang was arrested after being interrogated.
We learn that Shrirang and other defendants, identified as Kushal Agashe, Manish Gholave, Jeevan Giradkar and Kunal Shendre, are childhood friends. According to the SP, Agashe was losing money in her medical business and was in debt. “The defendants told police that they planned the theft because of the debt due to loss of business,” he said.
“Agashe was arrested in Wardha while the other three defendants were detained as they tried to flee to Yavatmal,” the SP said.
The heist plan hatched within two weeks. “We are investigating whether other people are involved in the crime,” said the SP, which announced a reward of 35,000 rupees for the investigation team. The award was presented to the team in the evening by Minister of the State Cabinet Prajakt Tanpure who was in Wardha on Friday.
“The stolen gold has not been audited. So there is a strong possibility of irregularities in the administrative work, ”said Holkar while assuring depositors that their valuables will be recovered.
A source said Shrirang previously worked for Shriram Finance in Yavatmal, where he was charged in a cheating case.