Overview
- A Bengaluru South DCP confirmed the arrest after an Indian Bank Girinagar complaint on February 5 triggered the probe.
- An internal check of 207 pledged-gold packets found tampering in 24, with 21 partially emptied and three missing entirely.
- Investigators estimate about 2,780–2,783 grams of customers’ gold worth roughly ₹3.5–4 crore were siphoned off.
- The accused, identified as Kiran Kumar, allegedly exploited authorised locker access between June 2025 and January 2026 and pledged the jewellery with firms including Manappuram and Muthoot.
- About 700 grams have been recovered so far, a case under BNS Section 316 is registered, and customers are urged to verify pledged assets as the audit and recovery efforts continue.