A day after four armed men looted around 40kg of gold from a Muthoot Finance office in Cyberabad on Wednesday, the city police has released details and sketches of the suspects.
Gaining access to the office by posing as CBI officials, the conmen escaped with gold ornaments valued at about Rs 10 crore after threatening the staff with weapons at the Ramachandrapuram office of the company.
When the lockers were opened, the intruders started dumping golden ornaments into their bags. As the employees raised objections, one of the men whipped out a gun, threatened the branch manager and other employees and locked them in a bathroom.
The gang also took away the hard disk storing footage from the CCTV cameras with them.
The Deccan Chronicle reported that the accused escaped along the Hyderabad-Mumbai highway from Ramachandrapuram to Zaheerabad town in Sangareddy district, and may have crossed the border before the police began their search.
However, the police have been able to obtain CCTV footage of the getaway car from a few places.
The police claimed that the first offender was dressed like a Sikh, "wearing a black safari dress and a brownish turban (Pagdi)."
The second offender, who was the one who reportedly grabbed the gold, was initially wearing a black mask, which he replaced with a monkey cap, they added.
The third offender was in the "get-up" of a Traffic cop, while the fourth was in a light-brown Safari dress, the police added.
According to reports, the police are also investigating any possible links of terror outfits to the crime.
The company has since stated that all the stolen gold was insured.
George Alexander Muthoot, MD, Muthoot Finance: Gold robbed in Cyberabad is fully insured. pic.twitter.com/mEMKr3HjOVâ€” CNBC-TV18 News (@CNBCTV18News) December 29, 2016