📷 Image: Wikimedia Commons / Sujithshivam511
Crime
Bank Staff Arrested After Rs 39 Lakh Gold Stolen, Replaced by Fake Jewellery
✍️ India Today
🗓 08 Sep 2026, 09:35 AM
👁 26
Police have arrested a bank employee after gold worth Rs 39 lakh was taken from a locker and replaced with counterfeit jewellery.
A bank in India reported a major theft after gold jewellery valued at approximately Rs 39 lakh was removed from a safety locker. The missing items were later discovered to have been swapped with imitation pieces that held little to no value.
Investigators say the breach was traced back to a staff member who had access to the locker. The employee allegedly removed the genuine gold, placed fake jewellery in its place, and attempted to conceal the loss. The deception came to light during a routine audit, prompting a swift police investigation.
Local police have now taken the staff member into custody and are filing charges of theft, fraud and breach of trust. Authorities warned that any similar misconduct in banking institutions would be pursued rigorously, emphasizing the need for stringent internal controls.
Investigators say the breach was traced back to a staff member who had access to the locker. The employee allegedly removed the genuine gold, placed fake jewellery in its place, and attempted to conceal the loss. The deception came to light during a routine audit, prompting a swift police investigation.
Local police have now taken the staff member into custody and are filing charges of theft, fraud and breach of trust. Authorities warned that any similar misconduct in banking institutions would be pursued rigorously, emphasizing the need for stringent internal controls.