Indian Bank Gold Heist: 1 Kg Gold Vanishes from Rajkot Branch, Two Officials Booked

• Approximately 1 kg (1005.10g) of customer gold, valued at ₹64.29 lakh, disappeared from the Indian Bank strongroom in Rajkot.
• The missing gold belonged to customers Sangeeta Shyam Shah and Shyam Madhubhai Shah, pledged for gold loans.
• The theft was discovered on March 17, 2025, during a special inspection by a Mumbai team, finding 45 bags instead of 47.
• Former Assistant Branch Manager Shruti Shakhare and Assistant Manager Vishnu Narayan Ilayath, responsible for strongroom keys, are implicated.
• An FIR has been registered against the two officials at 'A' Division Police Station for breach of trust and theft.

Why It Matters: Two Indian Bank officials face charges after 1 kg of customer gold vanished from a Rajkot branch.