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Days ahead of daughter’s marriage, gold worth Rs 65 lakh ‘missing’ from bank locker, Vadodara family files police complaint

Locker was operated through a dual key system and some members of the same family were authorised for joint access to use the locker, say police

VadodaraCustomers queued up at the bank seeking access to their lockers even as the police arrived at the spot to conduct a primary probe into the complaint made by Shah.

How safe is the gold in your bank locker? A US-based Vadodara family was in for a rude shock on Thursday, when they found that gold ornaments, approximately worth Rs 65 lakhs kept in the bank’s locker, had allegedly gone missing. What was meant to be a momentous visit to their bank to take gold jewellery from their safe deposit locker for their daughter’s wedding turned into distress for the family.

Narendra Shah said that he had visited the Cosmos Co-Operative Bank at Waghodia Road in Vadodara, where his wife and he had a safe deposit locker with the intention to bring home around 35 tola (408 grams) of gold as their daughter is scheduled to be married on February 18. Shah said that the couple, on opening the safe deposit locker, allegedly found the aluminium box used to store the gold had its lock broken and 65 grams of gold was missing.

Shah said, “We live in the US and have arrived in Vadodara for our daughter’s wedding. When we visited the bank to operate the locker and when my wife saw that the lock of the aluminum box was broken, she was suspicious. Our fears came true when we opened the box and saw that the gold ornaments were missing… We have a list of our items. There are bangles, bracelets, necklace, and ten gold coins among other jewellery that makes a total of about 30-35 tola (408 grams) of gold. There are also silver ornaments and articles in the safe deposit locker that are not missing.”

Accusing the bank of giving “dissatisfactory answers”, Shah said that he summoned the police to the spot. “When we asked officials of the bank about the gold, they did not reply in a satisfactory manner and insisted on “resolving the matter internally”. My daughter’s wedding is slated for the day after tomorrow and we had no choice but to call the police… It was in 2024 that I applied for a locker at the bank and even created the mandatory fixed deposit for the same. We kept all the gold and precious ornaments in the locker. We have not visited the bank in a while so the management has to answer where the gold is.”

Bapod police station in Vadodara city on Thursday initiated a probe into the allegation, following a complaint filed by the family. A police official of Bapod police station said that the primary probe would look into the details of the operation of the safe deposit locker of the bank, which operates on a dual key system.

The official said, “The family had called the police from the bank right after discovering that the gold was missing. A primary probe has been initiated. We know that the locker was operated through a dual key system and some members of the same family were authorised for joint access to use the locker… We are checking the records of the safe deposit locker operation register of the bank to ascertain when it was last operated and by whom, as well as any available CCTV footage of the bank in the preceding days will be examined, as necessary.”

The officer added that the statement of the bank manager and the official responsible for keeping the record of the locker will also be recorded.

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Assistant Commissioner of Police (G Division) M P Bhojani told The Indian express that as per the process, an application from the complainant has been received and a probe initiated. “We have received the application from the family… The probe will be conducted to ascertain details in the case and if any criminal act is found to have occurred, an FIR will be lodged accordingly.” Following the incident involving the Shahs, several safe deposit holders of Cosmos Bank turned up at the branch to confirm if their belongings in their respective lockers were safe.

Customers queued up at the bank seeking access to their lockers even as the police arrived at the spot to conduct a primary probe into the complaint made by Shah.

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