Ex-bank appraiser arrested for gold ornament theft worth ₹1.80 crore

Law enforcement authorities have apprehended a former bank appraiser on charges of theft involving gold ornaments valued at ₹1.80 crore. The arrest comes after a detailed investigation into missing precious items, with police successfully recovering around 1.198 kg of gold from the suspect's possession.

The accused individual, who previously held the position of appraiser at a banking institution, came under suspicion following reports of missing gold ornaments. Investigators traced the theft to the suspect's activities while employed at the bank, where access to valuables and appraisal processes would have provided opportunity for the alleged crime.

During the arrest operation, police recovered a significant quantity of gold materials, suggesting the suspect may have been attempting to liquidate or store the stolen assets. The recovered ornaments are currently in police custody as evidence for the ongoing investigation.

The case highlights the vulnerability of banking sector valuables to internal theft and underscores the importance of stringent checks and security protocols at financial institutions handling precious metals and jewelry. Authorities have initiated further inquiries to determine if additional thefts may be connected to the appraiser or if others were involved in the operation.