700 Grams of Pledged Gold Jewellery Missing From Bank, Employees Under Scanner
Mahabubabad Town circle inspector Raghupathi Reddy has registered a case and launched an investigation. Police are examining how the gold could be taken out of the bank. They are also assessing the quantity of gold reportedly pledged with Manappuram.
Mahabubabad: Around 700 grams of gold jewellery pledged by customers against loans has gone missing from the branch of Indian Bank in the Mahabubabad district headquarters. The discrepancy came to light during an audit on Tuesday.
Indian Bank officials then verified the entire gold records and assessed the quantity of missing jewellery. According to preliminary findings, the bank’s assistant manager Bhukya Raju and five other employees allegedly took the bold out of the bank.
Police said a portion of the gold has been recovered from the residence of Bhukya Raju, while some of the gold has reportedly been pledged to the private Manappuram Gold Loan entity.
Mahabubabad Town circle inspector Raghupathi Reddy has registered a case and launched an investigation. Police are examining how the gold could be taken out of the bank. They are also assessing the quantity of gold reportedly pledged with Manappuram.
News of the missing jewellery has prompted customers who had pledged gold at the Indian Bank branch to gather and seek information about the safety of their ornaments. The bank manager assured customers that necessary steps are being taken to ensure that their gold is safe
