Cash van heist: Cops arrest three; only Rs 6.3-cr recovered

[email protected] (CD Network)
May 16, 2017

Mangaluru, May 16: After five days of rigorous manhunt, the sleuths of Mangaluru police and the Kodagu district crime intelligence bureau managed to arrested three persons in connection with the Rs 7.5 crore heist and recover Rs 6.3 crore from them.

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However only two of the three employees of a cash logistics company, who reportedly drove off with Rs 7.5 crore from Mangaluru instead of transporting it to the Axis Bank’s Koramangala branch in Bengaluru on May 11, were caught on Tuesday. The third arrested is the one who helped the trio.

Police zeroed in on the accused at Kumbaragadige, 20km from Somwarpet in Kodagu, on Tuesday. The arrested are Karibasappa, 24, a resident of Chitradurga, Poovappa, 38, gunman, and Kariappa, 46, a local who helped the accused hide the cash and made arrangements for their stay at Kumbaragadige. Another guard, Basappa, is on the run.

Karibasappa, Poovanna and Basappa worked for the cash logistics company, Sis Prosegur-Holdings. Poovanna’s younger brother, Bheemaiah, an office assistant in the Bengaluru branch of the company who went missing after the heist, remains untraceable.

The men had left Axis Bank’s currency chest at Yeyyadi in Mangaluru in a Mahindra Bolero at 8.30 am on May 11 but didn’t reach Bengaluru even the next morning. The vehicle was found abandoned at Arasu Kallahalli in Hunsur taluk of Chamarajanagar district on the evening of May 12.

Mangaluru Police Commissioner M Chandra Sekhar told journalists what happened next. The men went to Somwarpet by public transport and then reached the Pushpagiri Wildlife Sanctuary at Kumbaragadige with Karyappa’s help.

A special police team, led by ACPs Shruthi N S and Valentine D’Souza, looked for them in Bengaluru, Madikeri, Mysuru and Chitradurga. The crucial lead came when a man named Girish made a call to the mobile phone of one of the suspects. The phone’s location was Somwarpet.

Around 50 police personnel reached Somwarpet two days ago and managed to catch the suspects who had buried the cash in the forest and were camping in a tent nearby. Chandra Sekhar clarified that no bank staffer was involved in the heist, though the role of Parashuram is being verified. Police are now searching for the remaining cash — Rs 1.2 crore — and believe it could be with Bheemaiah and Basappa.

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News Network
December 17,2025

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Melkar, Dec 17: The 17th Annual Day and Graduation Ceremony of Melkar Women’s PU and Degree College, themed “Fusion-2K25,” was celebrated with dignity and enthusiasm, marking a significant milestone in the institution’s academic journey. The programme reflected the college’s steadfast commitment to academic excellence, character building, and the holistic development of students.

The event was inaugurated by Mr. Asif Mohammed, whose presence greatly enriched the occasion. The celebration was further graced by the chief guests Mr. P. B. Ahmed Mudassir and Mr. Nissar Fakeer Mohammed, along with the distinguished guests of honour Mr. B. A. Nazeer and Mr. Ibrahim Gadiyar. In their inspiring addresses, the guests encouraged the graduating students and appreciated the dedicated efforts of the management, faculty, and students.

The annual report was presented by the Principal, Mr. Abdul Majeed S, highlighting the institution’s academic progress, notable achievements, and extracurricular accomplishments during the academic year.

The presidential address was delivered by the esteemed Chairman of Melkar Women’s PU and Degree College, Dr. Haji S. M. Rasheed, who emphasized the vital role of education in empowering women and shaping responsible citizens. He also stressed the importance of discipline, dedication, and perseverance in achieving success.

Cultural programmes and academic recognitions formed an integral part of the celebration, showcasing the talents and achievements of the students. The graduation ceremony was a proud moment for the outgoing students as they were formally conferred degrees and wished success in their future endeavours.

Ms. Mashmooma Fathima served as the Master of Ceremonies. The welcome address was delivered by Ms. Fathima Nida, and the programme concluded with a vote of thanks proposed by Ms. Ayisha Suhana.

The event successfully achieved its objectives and was highly appreciated by the guests and attendees.

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