Overview
- Two more suspects have been taken into custody, bringing total arrests to nine, and constable Annappa Naik has been suspended, police said on Monday.
- Authorities say about ₹6.29 crore of the ₹7.11 crore stolen has been recovered, with efforts ongoing to locate the outstanding amount.
- Initial arrests within roughly 54 hours included Naik, former CMS employee J. Xavier, and cash-van vehicle in-charge Gopal Prasad; three more were later caught at a Hyderabad lodge with ₹53 lakh, and a getaway SUV was traced near Chittoor.
- Investigators describe a months-long plan in which the gang posed as RBI/Income Tax officials, used a Government of India sticker, chose CCTV blind spots, avoided mobile phones, switched vehicles and plates, and spoke multiple languages; the stolen notes were not serialized.
- About 11 teams and roughly 200 personnel have pursued leads across Karnataka, Kerala, Tamil Nadu, Andhra Pradesh, Telangana and Goa, while probes examine insider roles and alleged CMS lapses including delayed reporting and non-functional GPS in violation of RBI guidelines.