Armed Gang Loots 27 KG Gold From State Bank Branch in Jalgaon, Nabbed Within HoursCrime
1 Nov 2026, 9:22 pm (3 min ago)· 0

Armed Gang Loots 27 KG Gold From State Bank Branch in Jalgaon, Nabbed Within Hours

Police and local residents in Maharashtra's Jalgaon caught armed robbers who looted 27 kg of gold worth Rs 36 crore and over Rs 12.5 lakh in cash from an SBI branch.

A daring daylight robbery unfolded at the Bhokar branch of the State Bank of India in Maharashtra's Jalgaon taluka, leaving employees and residents shaken. Around 2:45 pm, four armed assailants arrived outside the bank premises on two-wheelers. To conceal their identities completely, every member of the gang wore a helmet. Upon stepping inside the branch, one of the intruders discharged a firearm directly into the floor to terrify everyone present. The sudden gunshot triggered immediate panic across the bank hall.

Capitalising on the shock, the robbers assaulted the bank manager and five other staff members. The criminals overpowered the six employees, bound their hands and feet securely, and applied cello tape over their mouths to eliminate any possibility of raising an alarm or calling out for assistance. Having rendered the entire branch staff completely defenseless, the gang moved to loot the vault.

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Gold Worth Rs 36 Crore and Cash Packed Into Six Bags

The assailants systematically cleared out approximately 27 kilograms of gold ornaments alongside over Rs 12.5 lakh in hard cash, packing the entire haul into six bags. The estimated value of the looted 27 kg gold stands at around Rs 36 crore. With the bags loaded onto their getaway two-wheelers, the armed gang sped away from the crime scene, hoping to make a clean escape through rural transit routes.

However, the getaway plan collapsed almost immediately as news of the robbery spread through the locality. Demonstrating remarkable vigilance, local villagers mobilized on the spot and initiated a pursuit of the fleeing suspects. The chasing residents managed to intercept and overpower one of the suspects near the area, promptly turning him over to the custody of the authorities.

Joint Operation Near Chawalkheda Railway Underpass

Law enforcement moved quickly as emergency dispatches indicated that other members of the gang were attempting to escape toward Dharangaon. Taking charge of the pursuit, Dharangaon Police Inspector Umakant Gaikwad mobilized his team and rushed directly toward Chawalkheda. Near a railway underpass in Chawalkheda, the police team coordinated with alert local citizens to set up a containment perimeter.

During this coordinated action, authorities and residents successfully intercepted and apprehended two more suspects. Initial searches yielded two to three bags of the looted property from their immediate possession. Superintendent of Police Shrikant Dhiware confirmed the interception and the recovery of the stolen bags. Thanks to the seamless joint response between police officers and local citizens, the entire stolen consignment, consisting of roughly 27 kg of gold, over Rs 12.5 lakh in cash, and all six luggage bags, was safely recovered within hours.

Suspects Identified and Courageous Citizens Honoured

Officials have identified two of the apprehended suspects as Shankar Jasak and Gajanan Pawar. Preliminary findings show that the arrests across separate locations were made possible largely due to the proactive assistance of area residents. Superintendent of Police Shrikant Dhiware publicly felicitated the brave citizens who risked their own safety to chase down armed robbers and assist law enforcement during the crisis.

Investigation Focuses on Disabled CCTV Cameras and Potential Insider Leaks

Despite the speedy recovery, investigators have uncovered an alarming lapse inside the bank branch. Technical inspection revealed that all eight CCTV cameras installed across the State Bank of India branch were non-operational at the time of the heist. Leaving a facility housing Rs 36 crore worth of gold and substantial cash without any electronic surveillance constitutes a grave security vulnerability.

Investigators are now examining how long the surveillance cameras had been offline and why no remedial action had been initiated to restore them. A critical angle of the probe is determining whether the robbers had prior knowledge that the branch surveillance system was non-functional. Furthermore, detectives are probing how the gang acquired precise intelligence regarding the exact presence of the 27 kg gold inventory and cash reserves, including the possibility that an insider provided tip-offs to the perpetrators.

Interrogations of the captured suspects are currently underway to trace the mastermind behind the blueprint of the robbery, verify the origin of the weapons, and uncover the full operational network behind the daytime attack. While the security vulnerabilities have raised serious questions, the prompt vigilance of the local community combined with rapid police intervention successfully prevented a massive financial loss.

Questions & Answers

Which bank branch was targeted in the Jalgaon heist?
The robbery took place at the Bhokar branch of the State Bank of India in Jalgaon taluka.
How much gold and cash did the robbers steal?
The gang looted approximately 27 kg of gold valued at around Rs 36 crore along with over Rs 12.5 lakh in cash.
How many assailants were involved and how did they arrive?
Four assailants wearing helmets arrived on two-wheelers to carry out the attack.
How quickly was the stolen property recovered?
The entire 27 kg of gold, the cash, and all six bags were recovered within a few hours through joint police and community action.
Who are the suspects identified so far?
Two of the apprehended suspects have been identified as Shankar Jasak and Gajanan Pawar.
What major security lapse was discovered at the branch?
Investigators discovered that all eight CCTV cameras inside the bank branch were offline during the robbery.

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