Search:



The Web

Rediff








 Latest Business news on mobile: sms BIZ to 7333

Home > Business > PTI > Report


Gold worth crores stolen from IA flight

May 10, 2004 20:06 IST

Gold, worth crores of rupees, belonging to the State Bank of India was reported missing three days ago during transit from Mumbai to Delhi.

Police registered a case Sunday after Indian Airlines, which was ferrying the cargo lodged a complaint that a parcel containing about 25 kg of the precious metal had gone missing on May 7, sources said.

The parcel belonged to the State Bank of India and was booked for Delhi on the Indian Airlines flight number IC658.

However, it was found missing when the flight reached Delhi. Indian Airlines investigated the matter on its own to try and trace the parcel, they said.

However, after it failed in the endeavour, the Airlines approached police Sunday, the sources added.

Gold insured

The 25 kg gold consignment of State Bank of India, missing from Indian Airlines cargo complex at Delhi airport since May seven, was insured under Oriental Insurance Company's 'gold transmit insurance' policy.

The bank had imported the gold and the consignment was meant for its branches as part of the Metal Gold Loan Scheme formulated by Reserve Bank of India for providing primary gold to jewellers, who were involved in exporting jewellery, SBI sources said on Monday.


7333: The Latest News on Your Mobile!

© Copyright 2005 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

Share your comments




Article Tools
Email this article
Top emailed links
Print this article
Write us a letter
Discuss this article



Related Stories


Air Deccan to increase flights

IA cuts Mumbai-Bangalore fare

Titanic battle in Indian skies



People Who Read This Also Read


Top B-school grads join BPO co

Air Deccan to increase flights

Reliance Energy to cut 1000 jobs







Copyright © 2005 rediff.com India Limited. All Rights Reserved.