26.5 kg Gold Looted From Finance Company In Bihar Recovered, 3 Arrested

26.5 kg Gold Looted From Finance Company In Bihar Recovered, 3 Arrested

The arrested men were part of a crew that robbed Rs. 10 crore worth gold from Muthoot Finance


The Police today recovered 26.5 kg of stolen gold and arrested three persons from different places of Bihar in connection with the loot of gold from a private finance company in Muzaffarpur.

Armed robbers had looted 32 kg of gold worth around Rs. 10 crore from Muthoot Finance Company’s Bhagwanpur branch in Muzaffarpur on February 6, 2019.

“A special team, constituted for the purpose, has recovered 26.5 kg out of 32 kg of looted gold and arrested three criminals from different districts of the state on Sunday,” senior police officer Kundan Krishnan told reporters in Patna.

A special team apart from STF and CID were deployed in the biggest ever gold robbery case of the state and the Special Investigation Team (SIT) set by Muzaffarpur Senior Superintendent of Police Manoj Kumar has cracked the case and arrested three persons and recovered 26.5 kg of gold, Mr Krishnan said.

On the basis of intelligence input, scientific investigation and evidence collected from the spot, police have been able to identify the six robbers involved in the incident, he said, adding that police are conducting raids to catch the other three accused persons and retrieve the remaining looted gold and cash from them.

The three arrested men have been identified as Subhash Kumar Jha, Alok Kumar and Abhishek Kumar, the officer said.

Police recovered 1.5 kg of gold from Subhash Kumar Jha who was arrested from his village Shahpur Parra in Samastipur district while on his identification, police arrested Alok Kumar who informed the police about Abhishek Kumar from whose possession it recovered 25 kg of gold.

Alok Kumar is the resident of Sansa village in Begusarai district while Abhishek Kumar is the resident of Chak Mojahid in Vaishali district.

“We will pursue the case to its logical conclusion by ensuring conviction so that such incident is not repeated in the future,” the officer said.