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Home » Raurkela Police Bust Inter-State Gang Pledging Stolen Gold Coins; 3 Arrested

Raurkela Police Bust Inter-State Gang Pledging Stolen Gold Coins; 3 Arrested

Itishree Sethy by Itishree Sethy
November 10, 2026
in Odisha
Reading Time: 1 min read
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Raurkela Arrest
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The Raurkela Police have busted an inter-state burglary gang involved in a series of high-profile thefts across the city.


Three key operatives of the module were arrested following a swift investigation by a special police team.

The accused used a calculated modus operandi: after burglarising residential properties, they melted the stolen gold ornaments into coins. They then pledged these gold coins at various local branches of private finance companies—including Muthoot Fincorp—to obtain cash loans before fleeing the region.

The investigation was launched following a complaint regarding a major burglary at quarters number LCR-572 in Chhend, belonging to Deepak Kumar Pani. Acting on CCTV footage and targeted intelligence inputs, a special team formed by the police tracked down and detained three suspects.

The arrestees have been identified as Satyendra Kumar, Simran Singh, and an associate client/fence, Vivek Prasad.

During interrogation, the suspects confessed to pledging the processed gold at financial institutions across Rourkela. Following their disclosures, police raided targeted locations and recovered a substantial quantity of gold necklaces, gold coins, laptops, mobile phones, and a Honda Shine motorcycle used in the crimes.

According to police sources, the accused have a history of involvement in multiple serious criminal offences registered across various police stations. Further investigation is currently underway to ascertain if the gang is linked to other unsolved burglaries in the region.

Tags: Chhend Police StationCrime Newsgold theftInter-State GangMuthoot FincorpOdisha CrimeRaurkela police
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