Dharwad: Vidyagiri police have arrested five persons and recovered cash, gold and other valuables worth Rs 31 lakh from them. Two were arrested from Dharwad and three were nabbed in Bengaluru.
Hubballi-Dharwad police commissioner Labhu Ram said on Tuesday that four persons had entered the house of Prashant Thakkar in Keshavnagar in Dharwad by breaking open the lock. They had fled with 562 grams of gold and Rs 3 lakh cash on January 27.
Vidyagiri police had registered a case and a team was formed to nab the offenders under the guidance of DCP (law and order) Sahil Bagla and ACP G Anusha. The team arrested two persons. After interrogation, they found out that the offenders had sold the gold to a jeweller and bought cars and mobile phones with that money.
The police arrested the receivers of the stolen property. Two of the offenders are untraceable. Police have recovered 510 grams of gold worth Rs 25,50,000, two cars worth Rs 4.5 lakh, Rs 20,000 cash, and mobile phones worth Rs 66,000.
Police commissioner Labhu Ram, appreciating the team for its work, handed over a cash reward of Rs 25000.