Robbers loot gold worth Rs 10 crore, Rs 5 lakh in cash from MP bank

Five people looted 10 kilograms of gold valued at Rs 10 crore and Rs 5 lakh in cash from a bank in Khitola area of Madhya Pradesh's Jabalpur district on Monday, a police official said.

The heist took just 18 minutes, the official said, adding the accused came on two motorcycles and entered the facility wearing helmets.

"As per the calculations of ESAF Small Finance Bank, the robbers looted 10 kilograms of gold (worth around Rs 10 crore) and Rs 5 lakh in cash. Further calculations are under way," Jabalpur Range Deputy Inspector General of Police Atul Singh told PTI.

"The bank branch did not have a security guard. There were six staffers at the time of the incident. The robbers entered it at 8.50 am and came out around 9.08 am. They fled on motorcycles. We have scanned CCTV cameras. They did not have weapons in their hands. One of the robbers had a firearm tucked under his belt," Singh said.

The DIG also pointed out that the staffers notified the police 45 minutes after the incident following discussions with senior officials at the lender.

"Had they informed us in time, the robbers would have been caught. Efforts are on to nab the accused," Singh added.

According to sources, the bank started its day at 8 am instead of its usual opening time of 10.30 am due to the ongoing festive season.