Banking News
Rs.1.4 million looted from a bank in Chennai
Chennai, Feb 20 (IANS) A four-member gang looted a large amount of cash from a suburban branch of the Indian Overseas Bank (IOB) at gunpoint Monday afternoon, said police.
According to police, the gang came in a van and entered the bank posing as customers. They later held the customers and bank staff hostage at gunpoint and escaped with about Rs.1.4 million in cash.
The gang sped away in the same
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