Bengaluru: Bank employee arrested for unauthorised mortgage of customers' gold worth Rs 3.5 crore
Bengaluru (PTI): A deputy manager of a bank was arrested for allegedly misappropriating and unauthorisedly mortgaging 2,780 grams of gold ornaments belonging to multiple customers, worth over Rs 3.5 crore, police said on Saturday.
The alleged fraud came to light after the bank’s chief manager filed a complaint against the accused at the Girinagar police station on February 5.
Citing the complaint, police said the accused allegedly removed 2,780 grams of customers’ gold ornaments from bank lockers without informing higher authorities and pledged them with a finance company.
During the investigation, officials found prima facie evidence suggesting that the accused had spent the proceeds on online betting, police said.
"The accused deputy bank manager has been arrested in this case. We are trying to recover the gold. So far, about 700 grams have been recovered," said Lokesh B Jagalasar, Deputy Commissioner of Police (South).
"We are not getting the desired cooperation from the financiers. We will move the court and initiate appropriate legal action against them. Further investigation is underway," he added.
Police also advised customers to verify the safety and status of their ornaments kept in bank lockers.
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Air India Express introduces late-night Bengaluru–Mangaluru service
International services at M’luru cancelled on March 7
Mangaluru: Air India Express will introduce a late-night daily flight service on the Bengaluru–Mangaluru–Bengaluru sector starting March 10, 2026.
According to the sources, flight IX 5971 will depart from Bengaluru at 9.25 pm and arrive in Mangaluru at 10.40 pm. The return flight, IX 5972, will depart from Mangaluru at 11.10 pm and reach Kempegowda International Airport, Bengaluru, at 12.20 am.
The additional service will operate daily and will remain in effect until March 28, 2026.
Meanwhile, Air India Express has cancelled all its scheduled international flights from Mangaluru International Airport (IXE) on March 7 due to the ongoing crisis in the Middle East.
The Bengaluru–Mangaluru sector already has multiple daily services. Apart from Air India Express, IndiGo also operates flights on this route.
