Vijayapura, 27 June

Three people, including a bank manager, have been arrested in connection with the alleged robbery of gold and cash worth over Rs 53.26 crore from Canara Bank’s Managuli branch, police said on Friday.

The accused have been identified as Vijayakumar Miriyala, 41, the bank manager, and his accomplices—Chandrashekhar Nerella, 38, and Sunil Narasimhalu Moka, 40, police added.

The robbery took place at Canara Bank’s Managuli branch in Basavanabagewadi taluk of Vijayapura district on 25 May, where Miriyala had previously served as branch manager.

Vijayapura Superintendent of Police Lakshman Nimbargi said 58.97 kg of gold ornaments worth Rs 53.26 crore and Rs 5.2 lakh in cash were stolen from the bank locker.

According to police, the accused had systematically conspired to rob the bank. They had planned the heist in February this year but waited until Miriyala was transferred from the Managuli branch to avoid suspicion.

Following his transfer to the Ronihal branch in Vijayapura district on 9 May, Miriyala handed over the keys to the bank’s safe deposit lockers to his accomplices, police said.

Using duplicate keys, the trio carried out the robbery and even placed "black magic materials" near the bank to mislead investigators into believing outsiders were involved, police added.

Following their arrests, police seized two cars used in the crime, along with 10.5 kg of gold valued at Rs 10.75 crore, which was being transported in the vehicles.