Gold Stolen from Bagalur - Hosur Rd Branch Fully Recovered in 24 Hours
January 23, 2021, Kochi – There is a positive update regarding the unfortunate armed robbery incident that occurred at our Bagalur-Hosur Rd Branch yesterday, January 22,, 2021. All the seven robbers who had looted 23 kg gold worth Rs. 10 crore from the branch have been arrested by the police authorities within 24 hours of the incident and taken into custody. Moreover, all of the gold stolen by the robbers has been fully recovered today morning, January 23, 2021.
We would like to thank Telangana Police, Tamil Nadu Police & Karnataka Police for their swift probe and actions which ensured quick capture of the robbers and full recovery of the stolen gold that is currently kept at Cyberabad Police Station. We would like to place on record our appreciation for the DGPs of Telangana and Tamil Nadu and all police officials of both states that have supported us. We are in dialogue with the authorities and through our continued co-operation we are hopeful that the gold will be given back to us soon so that we can release it to the respective owner customers.
Mr. George Alexander Muthoot, Managing Director, Muthoot Finance Ltd. says “At Muthoot Finance, our top most priority is to safeguard the interest of our valued customers and provide an enabling environment to our employees in which they can feel secure and give their best. We have extended full co-operation and support to the Police Officials investigating the incident and hope appropriate action will be taken against the involved culprits.”
Staying true to our promise, we reiterate that our valued customers will never face any financial loss as all the gold kept with us is always fully insured. We constantly strive to ensure the culture of trust and relations that Muthoot Finance has always been known for, remains intact and unchanged. We will go the extra mile to extend necessary support to all our branch staff to ensure that they enjoy a safe and secure work place. We are putting in all possible efforts and measures to ensure that such incidents do not recur in future.