In a daring heist, five armed robbers on Monday decamped with 30 kg gold from the industrial city Ludhiana in Punjab within 20 minutes after tying staff members with a rope.
The stolen gold is worth Rs 12 crore.
The dacoity was reported at IIFL Finance on the Gill Road. The crime committed around 11am on Monday was recorded on CCTVs, the police said.
The robbers executed the crime in 20 minutes and escaped in their car.
It is pertinent to mention here that the office of IIFL Gold Loan is located opposite the office of CIA-3 of Ludhiana Police.
On getting information Commissioner of police Rakesh Agarwal and other officials, followed by forensic team reached on spot.
ACP detective Surinder Mohan said that, four robbers have executed the crime.
The IIFL staff raised an alarm when the robbers fled, Police Commissioner Rakesh Aggarwal told the media.
At the time of the incident, five employees were present in the office and no customer was there.
This is the second major robbery in Ludhiana in the past 20 days. On January 29, four armed assailants looted two kg gold jewellery from V.K. Jewellers.