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Monday, Jun 9, 2025
A gang of masked assailants, travelling in two Innova cars and a Renault, intercepted the Swift car carrying the gold.
On Tuesday, for the first time in history, the price per gram in Kerala crossed Rs 7,000, and the price of a sovereign exceeded Rs 56,000.
The accused, who have all been arrested, will be taken for evidence collection to the shops in Udupi and Alappuzha, where they pawned the gold they stole from Subhadra.
The officer secured Rs 80,000 by pledging the gold and used up the funds to cover the expenses for the postmortem of the animal.
Factionalism and discontent in the police force are responsible for such leaks. Officers have lost trust in each other. Efforts of some officers to foster their groups within the force, too, contributed to the current situation.
Madhu Jayakumar, former manager at the bank had stolen 26.24 kg gold from the Vadakara branch.
The involvement of four others is also suspected in the scam that involved pledging fake gold equivalent to 221 sovereigns.
The items worth Rs 4.3 lakh were robbed from the residence of Thottayi Kunnummal Abdulla.
The breakthrough came after the jewellery store owner filed a complaint to the Chief Minister during the Nava Kerala Sadas, prompting a reinvestigation
He alleged that he was forced to issue agricultural gold loans under the names of unknown individuals due to pressure from zonal manager Arun.
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