Bengaluru was shaken by a major cash van robbery on Wednesday afternoon after a group of men impersonating Reserve Bank of India officials stopped an ATM cash van and fled with more than 7 crore rupees in just 30 minutes. The incident has triggered serious concerns about security procedures and the possibility of insider involvement in the movement of high value currency.
The robbery took place near Ashok Pillar Junction around 12:24 pm. A CMS cash van carrying 7.11 crore from an HDFC currency chest in JP Nagar was heading out to refill ATMs across the city when an SUV with a Government of India sticker blocked its path. Five to six individuals, pretending to be RBI officers, called the van staff for a document inspection. Within minutes, the custodian and two armed guards were forced into another vehicle, and the driver was instructed to continue moving the van. The gang, armed with at least one pistol, took the vehicle to the Dairy Circle flyover, shifted the cash into their own cars and removed the DVR to eliminate internal CCTV footage before escaping.
Police have launched a citywide investigation and are examining more than fifty CCTV clips from multiple areas. The Home Minister described the robbery as “one of the most unique and troubling heists in recent years.” Two deputy commissioners and a joint commissioner are overseeing the probe. Investigators are also questioning the cash van staff, especially the driver, due to inconsistencies in statements and a delayed report of the incident.
The accuracy of the Bengaluru operation has led officers to strongly suspect an inside job. Investigators are checking whether the van crew was fully armed, whether the SUV sticker was genuine and why the GPRS signal stopped near Dairy Circle. Teams are scanning CCTV across JP Nagar, Jayanagar, Dairy Circle and Hosur Road, mapping escape routes, coordinating with neighbouring states, analysing call logs and comparing the method with earlier robberies. The Home Minister said, “Who informed them about the cash movement? We do have some leads.” The robbery has also led to political criticism, with opposition leaders questioning the state of security in the city.
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