Punjab/Kochi, April 23, 2022: In view of prevailing security concerns and spurt in robberies in Punjab and Haryana and further intelligence reports in the matter the state authorities are emphasising on deployment of armed guards in business establishments including NBFCs to ensure safety.
Under the strong vigilance of the police, a gang of robbers were busted and arrested on April 21, 2022 in Tarn Taran district in Punjab. This was a result of constant monitoring outside Muthoot Finance branches to make sure that no attempts are successful. There have been several robbery attempts made in the past, however, most of them have been unsuccessful or the police have always been successful in arresting the accused on time.
The intelligence reports indicated that the criminal gangs were planning to strike early. The police are keeping a strong check and even though some members of these gangs have already been arrested, yet the threats loom. Therefore, state authorities are making sure that the branch heads are called upon to act promptly on the directives issued in this regard.
Recently, the station house officer (SHO) in Tarn Taran City alerted Muthoot Finance’s management about the foresighted robbery and advised them to deploy at least one armed guard at its branches. The SHO’s in Moga region and Panchkula-Sec-14 have also alerted the company’s branches about the anticipated robberies that could take place and have also insisted for armed guards to be deployed. At other places in Punjab and Haryana, the authorities are in the process of assessing the situation and a final decision would be shared with the respective Muthoot Finance branches in those regions.
Muthoot Finance, India’s largest gold loan NBFC company has always prioritised the safety of the gold deposited by customers. As a result, Muthoot Finance has deployed armed guards outside branches in Tarn Taran City, Moga, Panchkula region and other branches in northern region.
In order to allay the fears of the consumers, Muthoot Finance has installed CCTV Cameras for round the clock monitoring of all their branches. The branches make sure that the gold is stored in specialized safe rooms for additional security. Also, all the ornaments pledged with the company are sealed away in tamper-proof packing to assure customers of the best security.
Speaking on the situation, Mr. George Alexander Muthoot, MD, Muthoot Finance said, “We understand the sentimental value attached to gold ornaments and therefore act as custodians while the customer’s gold remains with us. We have acted fast upon this situation and have deployed armed guards outside branches in Punjab and Haryana as suggested by state authorities. Our customers have trusted us over the years with their valuables and we remain committed to do the best to maintain that trust.”
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