Gunmen loot Rs 3.28 lakh from J&K Bank’s branch in south Kashmir
Officials said the militants barged into J&K Bank’s branch in Khudwani area of Kulgam in the afternoon.india Updated: May 18, 2018 15:31 IST
Two suspected militants on Friday looted around Rs 3,28,000 from a branch of Jammu and Kashmir Bank, the biggest in the state, in south Kashmir’s Kulgam district, police said.
Officials said the militants barged into J&K Bank’s branch in Khudwani area of Kulgam in the afternoon.
“The two militants overpowered the guard of the bank, showed him a gun and then took away the money,” Kulgam’s superintendent of police Harmeet Singh said.
The security forces immediately cordoned the area to trace the robbers.
Last year, there were a series of bank robberies in Kashmir and a majority of them targeted J&K Bank. The bank stopped cash transactions for some time in at least 40 branches in south Kashmir after the robberies.
Police blamed militants of Hizbul Mujahideen and Lashkar-e-Taiba for the incidents, saying they were “cash-starved”. The surge in robberies was reported after the Centre announced the scrapping of Rs 500 and Rs 1,000 currency notes on November 8, 2016.
However, the militants had vehemently denied the allegations.