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Three held for stealing foreign currency worth Rs1.5 crore in Mumbai

Police recovered Rs1 crore and a vehicle bought with the stolen loot

mumbai Updated: Apr 22, 2017 10:05 IST
foreign currency,theft,currency exchange
Police said one of the accused stole from the firm he was employed at.(HT File Photo)

Three men were held for robbing two currency exchange firms of Rs1.5 crore at Mumbai Central on Friday. Police recovered Rs1 crore and an SUV bought with the stolen loot.

The accused — Bhagwant Singh, 23; Jaswant Singh, 26; and Gautam Lakhani, 21 — are from Rajasthan, said police. Singh works at a Vile Parle-based currency exchange firm, which asked the police to register a robbery case last month after cash went missing. The other firm had also approached the police with a similar complaint.

Investigations revealed that Singh and his friends were responsible for the crimes.

Police said the accused fled from one location to another to evade arrest. They admitted to fleeing from Gujarat to Rajasthan and then Punjab, said an official.

“The accused bought a car with the loot. They were on their way to Mumbai to exchange the rest of the currency. We laid a trap and arrested them,” he added.

The accused were produced in court and remanded in police custody till Sunday.

First Published: Apr 22, 2017 10:04 IST