Thieves decamp with 59 kg gold from Canara Bank Mangoli branch in Karnataka
Vijayapura (Karnataka), Jun 2 (PTI): Thieves struck rich by decamping with 59 kg of gold from the Mangoli branch of Canara Bank here recently, a senior police officer said on Monday.
The gold was deposited by people who took loans from the bank, Vijayapura Superintendent of Police Laxman B Nimbargi told reporters here.
He briefed about the incident after the bank officials arrived at the conclusion that 59 kg of gold was stolen.
According to him, on May 26, the Canara Bank Mangoli branch manager lodged a complaint.
He said the staff locked the bank on May 23 evening. On May 24 and 25 (fourth Saturday and Sunday), the bank was closed.
On May 26, when the peon returned to clean the branch, he noticed the shutter locks were cut. Immediately, the police were informed.
"After inspection, it was found that the thieves had sneaked into the bank and stole the booty. Bank officials have evaluated the booty and found that 59 kg of gold had been stolen. The gold was deposited with the bank against gold loan," Nimbargi said.
Eight teams have been formed to investigate the case, he added.
Police suspect that the theft would have happened on the intervening night of May 24 and 25.
"An investigation is in progress. We will soon arrest the accused and take the case to its logical end," the police officer said.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
K'taka remains central to Aequs' strategy, says min Patil amid row over firm's investment in TN
Bengaluru (PTI): Karnataka Commerce and Industries Minister M B Patil on Monday asserted that Aequs continues to expand in the state and that its proposed investment in neighbouring Tamil Nadu was a business decision aimed at diversification, not a shift away from Karnataka.
Reacting to criticism on social media over reports that the Karnataka-based firm had signed a major investment deal in Tamil Nadu's Krishnagiri district for setting up a specialised aerospace and defense manufacturing cluster, he said the state government was fully aware of the company's plans and remained confident about its long-term commitment to Karnataka.
"While we welcome every major investment in India, would like to clarify a few points," Patil said in a post on 'X'.
Aequs was significantly expanding its footprint within Karnataka, including a Rs 3,000 crore investment in Kolar for electronics manufacturing.
"Its recently approved Rs 1,500 crore ECMS project will also be grounded in the state. Karnataka remains central to its long-term strategy," he said.
Patil added that the government had prior knowledge of the TN proposal.
The government was already informed and aware that the TN investment is a business decision aimed at geographic diversification and de-risking operations, not a shift away from Karnataka.
"Healthy competition between states strengthens India's manufacturing ecosystem," he said.
Emphasising the state's focus on high-technology sectors, Patil said, "We remain committed to deepening Karnataka's leadership in aerospace and advanced manufacturing, and our engagement with industry partners is strong and ongoing."
The Aequs Group has pledged Rs 4,000 crore to bolster Tamil Nadu's aerospace manufacturing capabilities at the SIPCOT-Shoolagiri Industrial Park in Krishnagiri district.
The group proposes to establish a specialised aerospace and defense manufacturing cluster for the production of aircraft engines, gearbox components, and precision engineering parts. This initiative is expected to provide employment to 7,000 individuals.
