According to police, Inspector Vipin Sharma, posted at Khajuri Khas police station, was near a traffic intersection yesterday when he saw a biker being waylaid by four men on two motorbikes who snatched a bag from him and sped away.
The person who was robbed has been identified as Sushil Kumar (43), a collection agent for a company based in northeast Delhi's Vishwas Nagar area.
The bag contained around Rs 9.40 lakh in cash which Kumar had collected from two clients in Delhi and Ghaziabad. He was headed to his office when the snatching incident took place.
They overtook one of the motorbikes near Wazirabad flyover and overpowered the duo riding it. However, the other two robbers managed to escape, said a senior police official.
"Investigation is underway. We are presently tracking the other two accused," the official added.