In one of Bengaluru's most audacious daylight robberies, a gang posing as Reserve Bank of India and Income Tax officers made away with Rs 7.11 crore from an ATM cash-loading van on Wednesday, November 20, 2025. The Bengaluru police suspect insider involvement in the meticulously planned heist that unfolded across multiple locations in the city.
The Elaborate Robbery Plan
The incident began when a grey Innova car intercepted the CMS Logistics cash van near Ashoka Pillar in Jayanagar between 12:30 pm and 1 pm. The van was transporting cash from HDFC Bank's J P Nagar branch toward Siddapura gate when it was stopped by the impersonators.
According to the First Information Report filed by Vinod Chandra, branch manager of CMS Info System, the gang members claimed to be RBI and I-T department officers. They questioned the four-member crew about transferring such large amounts of money without proper authorization from authorities.
The impersonators told driver Binod Kumar, cash custodian Aftab, and armed guards Rajanna and Thammaiah that they needed to conduct an inspection and verify documents. The Innova used in the crime bore a fake registration number (KA 03 NC8052) and displayed a 'Govt of India' sticker on the rear.
The Strategic Cash Transfer
In a clever move to avoid surveillance, the gang separated the crew members. While the driver, Binod Kumar, was directed to drive the cash van to Dairy Circle flyover approximately 5 km away, the other three crew members were taken in the Innova car.
Investigators revealed that the transfer of cash boxes worth Rs 7.11 crore occurred on the Dairy Circle flyover, specifically chosen for its poor CCTV coverage. The gang held the driver at gunpoint while transferring the cash boxes into their Innova car before fleeing the spot.
Police investigations have uncovered that the accused crossed the Kolar toll by taking Hoskote Road after the robbery. Authorities also suspect the involvement of another car in the crime.
Insider Involvement Suspected
Bengaluru police have identified several suspicious elements pointing toward insider collaboration. Investigators noted inconsistencies in the statements of the ATM cash-loading van crew during interrogation, raising doubts about their version of events.
An investigating officer stated, "The robbers have done enough homework, and we suspect an insider role who had fed information to the suspects for some time, including on the day of the crime. Given Bengaluru traffic and surveillance, a daylight robbery of this kind is almost impossible."
The officer further questioned why the crew would follow orders from people merely claiming to be RBI and I-T officers without proper verification. The missing digital video recorder from the van's CCTV cameras adds another layer of suspicion to the case.
Investigation Progress and Official Response
Despite the challenges, police have made significant progress in the investigation. Authorities have already gained access to CCTV details and have identified the faces of the suspects involved in the heist.
Home Minister G Parameshwara assured that the case is being taken seriously to prevent such incidents in the future. "The police have got strong leads in the case and the suspects will be arrested soon," he told reporters on Wednesday.
The police are examining all angles, including the possibility that the criminals had detailed knowledge of the cash van's route, schedule, and security protocols. The investigation continues as authorities work to recover the stolen money and bring all involved to justice.
