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Lucknow bank heist: Deposits not returned even three months later, locker owners left in despair

A 73-year-old retired HAL employee allegedly died by suicide on Tuesday after he failed to get back jewellery worth ₹26 lakh that he had stored in one of the 42 lockers that were targeted.

Published on: Apr 3, 2025, 07:02:04 IST
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More than three months have passed since the sensational heist at a bank’s Chinhat branch in Lucknow. However, people who lost their valuables from 42 bank lockers during the heist are yet to hear back from the authorities about their missing deposits.

So far, police have recovered about 6 kg of gold, 14 kg of silver and  ₹13 lakh in cash that were deposited in the lockers.
So far, police have recovered about 6 kg of gold, 14 kg of silver and ₹13 lakh in cash that were deposited in the lockers.

Neither Indian Overseas Bank, whose branch was targeted in the wee hours of December 22, nor police officials have issued any clarity about the situation even after several valuables were recovered from the robbers--some of whom were arrested and others killed in police encounters within days of the incident.

The slow progress in returning the deposits of 45 customers has taken a personal toll on some. So far, police have recovered about 6 kg of gold, 14 kg of silver and 13 lakh in cash that were deposited in the lockers.

In a recent case, a 73-year-old retired Hindustan Aeronautics Limited (HAL) employee allegedly died by suicide on Tuesday after he failed to get back jewellery worth 26 lakh that he had stored in one of the 42 lockers that were targeted. His family members claimed that he was deeply upset since he had bought the jewellery from his life’s savings.

The body had been sent for a postmortem examination, said Bharat Pathak, the station house officer (SHO) of Chinhat police station.

Explaining her agony, another locker holder Jyoti Srivastava said: “I have visited the bank more than 12 times since the heist to inquire about the status of my jewellery. A week after the incident, a form was given to us. In two or three days, I attached receipts, photos, weight and design details of the stolen jewellery to the form and submitted it to the authorities. But nothing has happened after that,” said the Tiwariganj resident. “We’re added to a WhatsApp group to update us on the progress, but we’ve hardly heard any positive response in these three months. I can’t get my daughter married because of this,” she added.

Shashikala, who also lost jewellery during the heist, said: “A year ago, my husband died of cancer. All our savings were spent on his treatment... We had deposited all our jewellery in the bank’s locker for my daughter’s wedding. While the wedding is decided, we can’t decide on a date because of the missing jewellery.”

The SHO of Gomti Nagar police station, Rajesh Tripathi said: “A charge sheet has been filed against the accused who were arrested and those who died during encounters. As far as the return of the recovered deposits is concerned, it is up to the court.”

Additional deputy commissioner of police (East) Pankaj Kumar Singh, who has been tasked with overseeing the return of the recovered deposits to their owners, could not be contacted for comment.

 
ABOUT THE AUTHOR
Aakash Ghosh

Aakash Ghosh is a Senior Correspondent with Hindustan Times, based in Lucknow, where he covers crime, policing and law and order across Uttar Pradesh, with a special focus on developments in the state capital. His reporting also spans railways, science and technology, and culture and heritage, alongside in-depth coverage of governance, public safety and civic issues. He has a keen interest in off-beat and human-interest stories that uncover untold narratives and build a meaningful connection with readers. Over the years, Aakash has reported extensively on major crime investigations, policing reforms, cybercrime, infrastructure, public transport and heritage conservation, combining on-ground reporting with data-driven storytelling. His work is driven by a commitment to accuracy, accountability and public interest journalism. Before joining Hindustan Times in Lucknow, he trained and worked with several prominent print and digital newsrooms in Mumbai, Patna and Kolkata, covering diverse beats including features, entertainment and culture, and breaking news. These experiences helped shape his versatile reporting style and strong news sense across platforms. His investigative reporting has earned industry recognition, including the prestigious P.D. Tandon Award for Outstanding Journalism for an investigation that exposed narcotics networks operating in the state capital, reinforcing his commitment to impactful, public-interest journalism.

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