Four held for looting 14-kg gold from Ludhiana finance firm | punjab | Hindustan Times
Today in New Delhi, India
Jan 17, 2017-Tuesday
New Delhi
  • Humidity
  • Wind

Four held for looting 14-kg gold from Ludhiana finance firm

punjab Updated: Aug 06, 2015 08:34 IST
HT Correspondent
HT Correspondent
Hindustan Times
Highlight Story


A Giaspura shopkeeper masterminded last week’s (July 30) loot of 14-kg gold from the Gill road branch of Manappuram Finance, the police have claimed after it arrested four of the 12 accused on Wednesday.

At a press conference held to announce the arrests, the department also claimed that 5-kg gold and a country-made pistol had been recovered from the accused, who have identified as Uttam Kumar alias Deepu, a resident of Shaheed Sukhdev Singh Nagar of Giaspura; Dharminder Singh, a resident of Jaspal Colony of Giaspura; Karan Kumar, a resident of Chander Nagar of Daba, and Vinod Painter of 33 Futta road of Ludhiana. Painter was held from Uttar Pradesh, with the rest being arrested from Ludhiana.

ADCP (crime) Mukhwinder Singh Bhullar said, “Uttam, alias Deepu, who runs a small shop in the Giaspura area masterminded the crime. He had taken `67,000 loan from the company against 50-gm gold. He turned his frequent visits to the premises as a recce and then hired a gang to execute the robbery.”

The other accused that are at large are Gobind from Jaspal Colony, Arun Kumar of Chander Nagar of Daba, Anil Lal alias Bangali of Mandi Gobindgarh, Ankit Tiwari, Rahul and three unidentified accomplices. All these accused are from Bihar or Uttar Pradesh.

Execution of crime

Of the 12 accused, six had actually entered the company premises and carried out the loot, while others stood guard on roads around the building to keep a tab on police movement, the ADCP claimed. The looted booty was distributed among themselves at the mastermind Uttam’s house in Sukhdev Singh Nagar of Giaspura.

‘Don’t buy looted gold’

With almost 9-kg of looted gold still to be recovered, ADCP Bhullar has warned the public and the jewellers not to buy gold from sellers who cannot account for its purchase. “Strict legal action will be taken if anyone is found buying the looted gold,” Bhullar added.

Police displays gold that was recovered from those accused in the loot of 14-kg of gold. (HT Photo)

2-kg gold recovered buried at house of mastermind

Of the 5-kg gold recovered so far, 2-kg was found buried when it raided the house of the main accused Uttam in Giaspura. The rest of the gold recovered so far has been recovered on information by the accused after interrogation.

Company overlooked warnings

The police claimed that in spite of several warnings, the finance company did not depute armed guards at its office.

Shimlapuri SHO claimed that just five days before the loot, he had visited the company’s office and asked them to improve security. It is learnt that the company, which has 12 offices in the city, has now deputed armed guards.