Seven people were arrested yesterday in connection with the R9.16 crore heist carried out in a Thane-based private company on Tuesday morning. Out of the 12 police teams formed to crack this case, more than two have carried out the arrests from various spots in Thane and Bhiwandi.

Senior police officers involved in the investigation had claimed that 18 people have carried out this smooth robbery, there is a mix of present and former employees of Checkmate service private company among them although they have questioned more than 40 people till now.