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The 7.5 crore heist from Mangaluru: Robbers still at large, police team on the hunt

The 7.5 crore heist from Mangaluru: Robbers still at large, police team on the hunt

Mangalore Today News Network

Mangaluru, May 14, 2017: The robbers who ran away with Rs 7.5 crore meant for an ATM in Bengaluru are still absconding, and four days since the robbery, the police have little clue as to where they are.
On Thursday, four men who were working with a private cash management company, Sis Prosegur Holdings, were part of the team transporting Rs 7.5 crore from Mangaluru to an ATM in Bengaluru. They were entrusted with ferrying the cash from Axis Bank’s Yeyyadi branch in Mangaluru to Bengaluru’s Koramangala branch.

7.5 crore heist from Mangaluru

axis bank theft case

Basappa, Karibasava, Poovanna and Parashurama

But when they didn’t reach their destination - an Axis bank ATM in Koramangala - at the scheduled time, the authorities at the bank were alerted about the incident.
The police who took the abandoned cash transporting vehicle into their custody near Hunsur, noticed the tracks of another vehicle purportedly parked near the spot, according to sources. It is possible that there was a getaway vehicle waiting for the robbers, the sources said on Saturday. It has emerged that the GPS fitted to the van was disabled.
Mangaluru City Police Commissioner had formed a 16-member special team to track the case. The team is led by two Assistant Commissioners of Police - Shruthi amd Valentine D’souza.
The accused have been identified as Parashurama hailing from Hubbali, Karibasavaiah hailing from Chitradurga, and Basappa and Poovanna from Kodagu. Parashurama was the designated bank custodian while Karibasavaiah was the driver. Basappa and Poovanna worked as gunmen.
Police also suspect the involvement of Bheemayya, younger brother of Poovanna, as he is also missing from his Bengaluru residence.

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