Burglars steal 600 kg of silver bars, articles from trader in Salem
A four-member gang stole 600 kg of silver bars and products worth ₹15 crore from a trader's storage facility in Salem. The burglars incapacitated the watchman and destroyed CCTV evidence before fleeing the scene.
Why it matters
The scale of this high-value heist poses significant security questions for local businesses and law enforcement in industrial hubs.
A four-member gang reportedly stole 600 kg of silver bars and other articles worth ₹15 crore from a trader’s storage facility in Salem on Monday (October 12, 2026).
Balasubramanian, 60, a resident of Cinema Nagar near Pallapatti in Salem Corporation, is a wholesale silver bar trader. He procures silver bars and manufactures silver anklets and other such articles to supply to jewellery stores.
He owns a building near his house where he stores the silver bars and articles. Venkatesan, 60, a resident of Periya Pudur, works as the watchman at the building.
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