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Man Robs ₹12 Crores From Bank And Gets A New Look, Caught In Pune 2 Months Later

Indiatimes logo Indiatimes 05-10-2022 Isha Sharma
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An official revealed on Wednesday that after over two and a half months, police finally arrested the prime suspect for stealing 12 crore rupees in cash from the ICICI Bank in Thane's Manpada area.

He added that the primary suspect, 43-year-old Altaf Shaikh, had about Rs. 9,000 in currency recovered by the police.

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The police have detained five suspects in the case, including Shaikh's sister Neelofer, with Shaikh's arrest on Monday. The robbery took place on July 12.

"Shaikh, a resident of Mumbra, had been working with ICICI Bank as a custodian. As the custodian, he was the caretaker of the bank's locker keys. He spent a year planning the heist, studying the loopholes in the system, and gathering tools to pull it off," the official of Manpada police station said.

Police discovered that he also claimed that Shaikh had planned the entire crime by widening the AC vent to pass the money to the trash chute and manipulating the CCTV footage.

"After deactivating the alarm system and sabotaging the CCTV, Shaikh had opened the bank vault and transferred the cash to the duct and below to the chute. The incident came to light after the bank realized that the security money was missing, as were the DVR of CCTVs, which prompted its personnel to call the inspection team," the official said.

Following the incident, Shaikh escaped. He would disguise himself by changing his appearance and donning a burka. Neelofer, Shaikh's sister, saw him moving and stashed some money in her house. 

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She has been arrested and is listed as a co-accused in the case, as stated by the police.

On Monday, Shaikh was finally taken into custody in Pune. Out of the 12.20 crores that were stolen from the bank, the police recovered about nine crores, and the remaining amount would be found soon, he claimed.

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In a synchronized operation, Thane and Navi Mumbai officers arrested Shaikh. Neelofer and three other people, Abrar Qureshi (33), Ahmed Khan (33), and Anuj Giri, had already been detained by police (30).

According to the official, additional arrests are likely in this case, and further investigation is underway. 

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