PNB's Modinagar branch robbed of several crore rupees

The Punjab National Bank (PNB) has told police that 26 lockers at its Modinagar branch have been burgled and the loss could sum up to several crores of rupees.

The bank manager initially told the police on Monday after they discovered that they have been burgled as 11 lockers were found broken.

Later, he stated that 26 out of 30 lockers had been stripped of cash and other valuables.

"Four lockers were empty when the crime took place either on Saturday or Sunday when the bank was shut", said Senior Superintendent of Police H.N. Singh on Tuesday.

The Punjab National bank is located in the Modi Cloth Mills in Modinagar, a town in Ghaziabad district.

The police found that the burglars entered the bank by first boring through the concrete wall.

Following this, they forced their way into the locker area.

The criminals apparently went about demolishing the wall by hiding in the dense brushes at the back of the bank, the police officer added.

"I visited the crime spot and found that the bank lacks security measures. If any attempt was made to intrude into the bank, a siren should have gone off. But the siren did not work," Singh said.

'The CCTV cameras were not found functional.

There was no security guard either," he added.