Bengaluru Techie who lost money in stock trading steals Rs 85 Lakh from bank to pay off his debts

Bangalore police have arrested a debt-ridden city technician who robbed a bank after holding staff there at knifepoint.

The accused, identified as Dhiraj S, was arrested for theft from an SBI branch on January 14, police said on Saturday.

According to police, the 28-year-old mechanical engineer from Basaveshwar Nagar stormed into the SBI branch of BTM Layout just as staff were about to leave.

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Dhiraj who had covered his face with a mask restrained a bank employee brandishing a knife at him and asked other employees to open the premises.

He then took them to the bank’s vault where he collected Rs 3.77 lakh in cash and 1.8 kg of gold jewelry loaded in his bag.

The police had launched an investigation based on the complaint filed by the branch manager.

Dhiraj was found using CCTV visuals and was arrested on January 18.

According to the police, Dhiraj worked in a software company with a monthly salary of Rs 30,000. He had lost a huge sum on an online trading platform called Olymp Trade. To overcome the loss, he had borrowed around Rs 35 lakh from friends and banks.

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Since he was unable to repay the borrowed money, the lenders started harassing Dhiraj.

It was then that Dhiraj came up with the idea of ​​robbing a bank to pay off his debts.

Dhiraj then watched several YouTube videos and reports of bank robberies for advice.

He probed many banks not only in Bengaluru but also in Anantapur in Andhra Pradesh and finally focused on SBI branch of BTM Layout as his target.

For two days, Dhiraj visited the SBI branch of BTM Layout and carefully surveyed the premises before launching the strike.

After forcing bank staff to hand over the cash and gold, Dhiraj walked nearly 3 km, then took an autorickshaw to Banashankari bus station and drove to Majestic. He then changed two more buses and reached Anantapur in Andhra Pradesh.

Assuming he was safe now, Dhiraj then returned to Bangalore and began paying off his debts.

Police say the investigation led to Dhiraj after his unmasked face was revealed in CCTV footage.

Based on that, cops tracked down his identity and location, and he was arrested on Tuesday.

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