Armed dacoits barged into a branch of a gold loan provider in Bihar’s Vaishali district on Saturday and decamped with over 50 kilograms of gold worth crores of rupees, police said.

The incident took place in the afternoon at the firm’s branch in Cinema Road area under Town police station limits.

“Eight motorbike-borne miscreants held the employees of the company at gunpoint and beat up the guard and some staffers who put up a resistance,” Inspector General of Police, Tirhut Range, Ganesh Kumar told reporters.

Gold looted, Armed men loot bank, Bihar, Hajipur

CCTV footage of robbery that took place in Bihar’s Hajipur. Photo Courtesy: IANS

The branch manager has claimed that 55-kilogram gold was looted, he said.

“We are verifying the claim and have launched a manhunt,” the officer said.

According to the rates prevailing in Bihar, a gram of 22-carat gold costs Rs 3,645 while 24-carat gold costs nearly Rs 200 more.