Bank Employee Arrested for Stealing Gold Worth 27 Lakhs in Thane

A bank employee in Thane, Maharashtra, has been arrested for allegedly stealing gold worth 27 lakhs that customers had pledged for loans. The employee, Sachin Arun Kalan, was taken into custody under charges of criminal breach of trust. The police are conducting a detailed investigation into the incident, which raises concerns about security and trust in banking services. This case highlights the importance of vigilance in financial institutions to prevent such breaches. Stay tuned for more updates as the investigation unfolds.

By Narendra Chaudhary Jun 9, 2025, 13:52 IST

Bank Employee Accused of Theft in Thane

In Thane district, Maharashtra, a bank employee has been apprehended for allegedly stealing gold valued at 27 lakhs that was pledged by customers. This information was confirmed by a police official on Sunday.

According to an officer from the Shivaji Nagar police station, Sachin Arun Kalan, a 29-year-old employee at a private bank in Ambernath East, was arrested on June 6 under the Indian Penal Code for criminal breach of trust and other charges.

The officer stated, 'In May, Kalan was handling gold loan cases as a customer service representative at the bank. During this period, he misappropriated gold jewelry worth 26.90 lakhs that had been pledged by clients seeking loans. A thorough investigation into the matter is currently underway.'