Unidentified armed robbers Monday looted cash amounting to Rs.12.5 lakh from a business executive while he was on his way to deposit it in a bank, police said.
The incident occurred in the Mohan Nagar area under Sahibabad police station, when Jitendra Kumar, the manager of a soft drink supplying firm, was on his way to deposit the money in the Mohan Nagar branch of Bank of India.
In the absence of a company employee, he asked Ranjit, the son of a logistic contractor, to accompany him to the bank.
As Jitendra Kumar slowed his car near the bank, two armed men on a motorcycle opened the door, hit Ranjeet with a pistol butt, snatched the bag containing the cash and fled.
The manager then rushed to the police station and registered a complaint.
"We have registered the case and a police team is trying hard to nab the criminals," said Sahibabad police station officer Hardayal Singh Yadav.