All posts tagged: karnataka Davangere bank robbery

How Gang Looted SBI Bank

How Gang Looted SBI Bank

Bengaluru: A loan rejection drove a 30-year-old man to rely on TV shows and YouTube tutorials to carry out a huge robbery at the State Bank of India (SBI) in Karnataka’s Davangere last year, police said, as they recovered 17 kg of gold worth Rs 13 crore and arrested six people in the case. The prime accused was identified as Vijaykumar and he was assisted by Ajaykumar (28), Abheesheka (23), Chandru (23), Manjunath (32) and Paramananda (30) in the heist that took place in the Nyamati branch on October 28.  “Vijaykumar and Ajaykumar are brothers while Paramanda is the husband of their sister. All three are originally from Tamil Nadu but have had a sweets business in Nyamati for many years. The other three accused, Abhisheka, Chandru and Manjunath are from Nyamati,” the police said in a statement.  Reason Behind Heist The police said that an investigation into the robbery revealed that Vijaykumar was facing financial distress when he approached SBI for a Rs 15 lakh loan in August last year. His loan application was, …