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According to reports, the robbers arrived at the two banks, in the same location at 3:50 p.m and operated for about 30 minutes.
A witness, who spoke under condition of anonymity, said that two persons were killed during the robbery, while unspecified amount was carted away.
According to the witness, a police officer attached to one of the banks, was killed.
It was also learnt that the robbers shot sporadically into the air and engaged the police in gun duel before they fled the scene and escaped through Iree-Ada Road.