Rs 5 cr RBI cash stolen from moving train in TN

Rs 5 cr RBI cash stolen from moving train in TN

Chennai (PTI/DHNS): In a daring heist in a moving train, Rs 5 crore out of Rs 340 crore cash being sent to the Reserve Bank of India here from Salem was found stolen on Tuesday.

A sum of Rs 5 crore had been stolen, IGP M Ramasubramani told reporters hours after the incident came to light when four of the 226 boxes stacked with cash were found tampered with on the arrival of the train here.


Meanwhile, an RBI official said the train was also carrying soiled notes.

Initial probe revealed that robbers entered the bogey through a hole they cut on its roof when the train halted briefly at Virudhachalam after midnight. The money belonged to several public sector banks. The police believe that a big gang of robbers could have executed an elaborate plan to steal the money, DHNS adds from Chennai.

On the Salem-Virudhachalam section, trains don’t run on electricity but on diesel locomotives, making it easy for the robbers to make their way from the top, the police said.

“We are probing several angles including how the theft could have happened despite police protection provided to the cash which had currency notes printed prior to 2005 as well as soiled notes,” they added.

Currency notes printed prior to 2005 had been ordered to be exchanged by the central bank with June 30 last as the deadline.

“We cannot say whether the heist occurred when the train was running or not. The cash was loaded in Salem and when the cargo van was opened in Chennai, the cash was found stolen… all other things are under investigation,” Superintendent of Police (Government Railway Police) P Vijayakumar, who is heading the investigation in Chennai Division, said.

On probe, he said the Government (Tamil Nadu) Railway Police is with Railway Protection Force (RPF) which is responsible to probe such offences. “We are, however, together in probe,” he said.

While a GRP SP will head a team in Tiruchirappalli, another SP will head a team in Chennai, he said, adding all GRP authorities in the Chennai-Salem line have been asked to look into the matter.

He confirmed that the currency notes were soiled and old but still continued to be legal tender.

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