Srinagar: A bank in Kashmir’s Budgam district was on Monday looted by four armed and men who left with nearly Rs 13 lakh, comprising largely of the scrapped Rs 500 and Rs 1,000 notes.
“Bank officials told us that they were three or four youth who were armed, who brandished weapons, beat a few people and took the cash,” SSP Budgam said. “They said the burglars left in a car in the direction of Pulwama.”
It was in the afternoon that four youth barged into the Malpora branch and forced the staffers to hand over the cash. “They took whatever we had,” one official said.
The bank operates in Malpora some five kms from Chrar-e-Sharief, the branch has a serious accessibility issue. It is being run by three persons of whom one is a branch manager. Malpora has an access route to Pulwama as well.
A senior police officer in Srinagar said the bank was looted by militants. “We are in the process of identifying the group responsible behind for the robbery,” the officer said.
According to reports, 12 people were present at the bank when masked men stormed in.