The police said two CCTV (closed circuit television) cameras inside the shop had fading images of two persons. The looted property was initially estimated to be worth Rs.90 million. However, after verifying the records and a detailed assessment, the shop management told police that jewellery worth Rs.60 million was missing. The weight of the stolen property is estimated at 40 kg.
Earlier, Home Minister K. Jana Reddy blamed the management for not providing foolproof security on the premises. A high-level meeting called by him noted that nine out of 12 closed circuit TVs in the shop were not working. Other security equipment along with security guards also did not function effectively. Four special teams were constituted to hunt for the culprits.
