Operation on to flush out armed robbers who targeted Muthoot Finance in Hyderabad

Hundreds of fully-armed OCTOPUS commandos cordoned off the 'My Homes Housing Palace' complex, with the help.of local police, at Rajendranagar and are moving in.

Published: 04th July 2017 10:51 PM  |   Last Updated: 05th July 2017 07:27 AM   |  A+A-

The Organisation for Counter Terror Operations(OCTOPUS) commandos, arrived at the Happy Homes apartment, where the suspects of Muthoot Finance robbery attempt are hiding Mailardevpally, in Hyderabad on Tuesday. R Satish Babu | EPS

By Express News Service

HYDERABAD: Commandos of the anti-terrorist squad of Telangana State police -OCTOPUS- are carrying out a major ‘combing operation’ inside a residential complex at Rajendranagar here following a suspicion that at least seven armed suspects, who earlier made a vain bid to rob a Muthoot Finance centre at Mailardevpally, are taking shelter in the complex.

Hundreds of fully-armed Octopus commandos have cordoned off the My Homes Housing Palace complex at Rajendranagar and moved into the complex. Local police are assisting the commandos by cordoning off the complex. Around 900 people live in the residential area, police said. The operation began after the Cyberabad police tracked down the vehicle allegedly used by the seven-member gang,  who tried to rob Muthoot  Finance at Mailardevpally on Tuesday morning.

The watchman of the building noticed unidentified men breaking the number plate of vehicle parked near Tower 6. On raising alarm, he said, they fled the place. Three CCTV cameras installed at Tower 1 have captured the suspects. Police was informed by the complex president and later after verifying the CCTV images, the apartment complex was cordoned off to search each house.

Earlier on Tuesday morning at around 10.11 am, a group of four members entered Muthoot Finance office posing as customers to pledge their gold ornaments. Two persons engaged the staff in conversation while two others entered the cabin of the manager and asked him about applying for a gold loan. When the manager Latheef was explaining the procedure to them, they  took out pistols, pointed it towards him and demanded gold and money.

As the manager raised an alarm and a staff member pressed emergency alarm button, locals came to rescue, forcing miscreants to flee. The offenders ran towards the lane adjacent to the building and fled in a white coloured car, which bore the registration number TS 12 MH 5711. Cyberabad joint commissioner Shahnawaz Qasim said the suspects came in a Tavera vehicle at 7 am and waited for the right time to strike. At 10.11 am they entered the office and at 10.14 they left, after an alarm was raised and locals gathered to extend help. The police suspect that the offenders could be from Gujarat, according to the clues from witnesses. “The operation might go on till morning to flush out the suspects,” a senior official said.

No security guard employed by company
Despite several warnings, the private finance companies and banks seem to have not taken cognisance of engaging security guards on their premises. The Muthoot branch being located closer to the highway was more prone to an attack by miscreants. The gang members, it seems, wanted to make the best of it.


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp