Bengaluru: Dressed in military-style uniforms and armed with guns, a gang of three masked men stormed into a State Bank of India branch at Karnataka’s Chadachan town on Tuesday evening and looted gold ornaments worth Rs 20 crore and Rs 1 crore cash. They then asked the branch manager to open the cash vault for counting, then forced the staff to open the gold locker. Take out the cash, otherwise I will kill you,” one of them told the branch manager.
The robbers then filled their bags with cash and customers’ gold ornaments and fled.Following the incident, Superintendent of Police, Laxman Nimbargi of Chadachan police station, along with senior officers rushed to the spot. The gang used a van with a fake number plate to carry out the robbery. They then fled towards Pandharpur in neighbouring Maharashtra. After entering the Solapur district, they met with an accident, leading to an argument with locals. The robbers then fled the spot along with looted jewellery and cash, police said.
The accused used an Ecco vehicle with a fake number plate to commit the offence. After an accident involving a two-wheeler, they then then absconded from the spot with the loot, Vijayapura Superintendent of Police, Lakshman Nimbargi, said.Before this, another bank robbery sent shockwaves through Karnataka. In June 2025, robbers looted 59 kg of pledged gold and Rs 5.2 lakh from a Canara Bank’ Vijaypura branch in Karnataka, same city where this recent SBI loot is orchestrated.
The police arrested three key suspects, including a bank manager, in connection with Canara Bank robbery. According to police, Vijaykumar Miriyal, the former manager of the Canara Bank branch in Managuli village, was the mastermind of the robbery. He was arrested along with Chandrashekhar Nerella, a former bank employee turned contractor and casino operator, and Sunil Moka, who served as Miriyal’s assistant.
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