Bank manager arrested for Rs 8.70 crore currency chest theft in Gujarat
Ahmedabad police have arrested a bank manager accused of orchestrating a Rs 8.70 crore theft from a currency chest linked to the Reserve Bank of India.
The accused was apprehended near Kadodara-Kim after evading authorities by frequently changing locations. Investigators said the suspect allegedly exploited internal system vulnerabilities to remove the large sum of cash without immediate detection. The case came to light during an internal audit, which revealed discrepancies in the currency reserves, prompting a formal complaint and a detailed probe.
Crime Branch teams, along with local police, relied on technical surveillance and intelligence inputs to track down the accused.
During preliminary interrogation, the accused reportedly admitted that mounting financial pressure and the lure of quick wealth drove him to commit the crime.
Authorities are now working to trace the stolen funds and determine whether additional individuals were involved in the operation.
The incident has raised serious concerns over internal security mechanisms within banking systems, particularly in the handling of high-value currency storage.
