Hyderabad: Gang Posing As Tax Officials Decamps With 1.7 Kg Gold From Jewellery Shop

Police took the accused, including a gold melting worker, into custody and seized seven gold biscuits weighing 573 grams (part of stolen property) from their possession, Police said.

An inter-state gang that allegedly posed as Income Tax Department officials and decamped with gold biscuits weighing 1,700 grams (1.7 kg) and worth Rs 60 lakh from a gold shop in Monda Market in Hyderabad was arrested on Tuesday, as reported by the news agency ANI.

"On May 27, 8–10 people, posing as Income Tax officials, stole 17 gold biscuits, worth 60 lakhs, from a shop named Siddhivinayak in Monda Market. 4 accused have been arrested. They have been identified as Rehman Ghafoor Athar, Zakir Gani Athar, Praveen Yadav, & Akash Arun Hovil. Seven gold biscuits have been recovered from them. Other accused at large, will be arrested soon," said Hyderabad Police Commissioner CV Anand, as quoted by ANI.

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Police took the accused, including a gold melting worker, into custody and seized seven gold biscuits weighing 573 grams (part of stolen property) from their possession, Hyderabad Police said.

The four arrested and six others found absconding belong to Maharashtra, Karnataka, and Goa. They hatched a plan to loot gold bars from the jewellery shop in Secunderabad and came to Hyderabad on May 24. The gang forcibly took away 17 gold biscuits (each one weighing about 100 grams) totalling 1,700 grams, after snatching the mobile phones of the workers at the shop and threatening them with dire consequences. The accused then forcibly confined the workers in a room by bolting from outside and fled away. During the investigation, four of them were apprehended today, police said.