This comes a day after the driver's wife was arrested.
"The driver, Dominic Roy, who had fled with the cash van, has been arrested by Upparpet Police this morning near the tin factory situated at K R Puram," DCP West Anucheth said.
However, no cash has been recovered from him, he said.
Yesterday, the police had nabbed Evlin Roy, wife of the accused, and conducted interrogation.
When asked about the cash, Anucheth said investigation was on and it was suspected that the accused might have used some of the money to repay their loans.
Next day, the van was found abandoned at Vasant Nagar and the police recovered Rs 45 lakh out of the Rs 1.37 crore.
The accompanying security personnel had told police that they gone to attend nature's call when the driver fled the spot.
Disclaimer: No Business Standard Journalist was involved in creation of this content