Kochi, Oct 9 (PTI) Police on Thursday took five persons into custody in connection with the robbery of Rs 80 lakh from a steel sales centre in Kundanoor here.

Investigations revealed a possible financial link between the owner and some of the accused.

According to police, on Wednesday afternoon, a three‑member masked gang armed with guns, knives, and pepper spray stormed the premises, intimidated the owner and staff, and fled with the cash.

Subin Thomas, owner of the wholesale-retail steel firm, was found to have financial dealings with some suspects.

Police said three accused—Saji, Vishnu, and Joji—had allegedly offered Thomas over Rs 1 crore if he invested Rs 80 lakh in their financial business.

CCTV footage reportedly captured Thomas in conversation with the trio before the robbery

See Full Page