The incident in Madhubani occurred when a petrol pump employee Upendra Kumar was going to deposit Rs 5.38 lakh to a nearby SBI branch when the two motorcycle-borne miscreants intercepted him at Narahia Bazar under Laukahi police station of the district and snatched his bike's key at gun point before taking out a bag containing the cash from its dickey, Laukahi police station in-charge Ramchandra Chaupal said.
A probe was on in the matter and raids were being carried out to nab the culprits, the police officer added.
Naugachhia Sub-Division Deputy Superintendent of Police Mukul Ranjan said that the incident occurred when Pawan Yadav, an employee of 'Saha Fuel Agency', was going to deposit Rs 5.10 lakh to a nearby SBI branch when the bike borne miscreants stopped him and looted the said amount at a gun point.
On the basis of information gathered from the pump employee, police are conducting raids to nab the culprits, he said.