Cuttack IIFL gold robbery case cracked

The police of dual cities Bhubaneswar and Cuttack have cracked the sensational IIFL gold robbery case. IIFL, a gold mortgage leasing firm, has claimed that 39.5 kg of gold was looted from its Cuttack department.

Four individuals barged into the Nayasadak department of the corporate and looted gold at gunpoint on November 19. The firm had lodged a police grievance stating that 39.5 kg gold was looted.

Police have recovered 2 kg of gold and took into custody 4 individuals. The involvement of six individuals within the crime was discovered.

“We found the involvement of an insider in the case. Lala Amrit Ray, who has been working in the company for the past five years, masterminded the robbery, fearing that his role in embezzlement of gold would get exposed,” mentioned Sudhansu Sarangi, Commissioner of Police for Bhubaneswar-Cuttack, on Tuesday.

Lala Amrit Ray and his brother Lala Ranjan Ray have previous legal information. Ranjan was working in one other gold mortgage leasing firm and he was arrested for embezzlement of 1 kg of gold. Amrit couldn’t be arrested then as he secured a bail from the High Court

“The company was perhaps unaware of Amrit Ray’s criminal antecedents. As per our information, he was involved in many irregularities. He had managed to sweep those under carpet by winning over the past auditors. When a new auditor joined and raised the issue of irregularities, he became worried,” mentioned the police chief.

From the start, probe groups have been apprehending the function of somebody who had information of the functioning of the department.

Amrit took assist of his childhood pal, Bapu alias Ranjan Behera, who hails from Biswanathpur space of Cuttack district.

Four individuals who have been roped in for robbing the department have been recognized as Rajakishore Sahu, Biju alias Prakash Sahu and Padia alias Pradipta Behera, all hailing from Biswanathpur space, and Bapi alias Santosh Bhoi. Two bikes utilized by them have been seized.

“It is a matter investigation as to how much gold was embezzled by the employees of IIFL. We have started the investigation, taking all aspects into account. When employees of the organisation are involved in the case, it is difficult to reveal how much gold was mortgaged and how much was missing. There could be many ghost loanees,” mentioned Mr. Sarangi.

“We have come to know that a portion of gold was deposited in another gold loan leasing company. We will get to know about this after a detailed forensic audit,” he said.

“So many lapses did take the investigators by surprise initially. It was a blind case. Although we knew it was well-planned robbery, we did not have any clue. We carried out the investigation in a professional manner,” Mr. Sarangi added.