Rs 5 lakh by two persons in main market area under Waidhan police station limits today, police said.
"The incident occurred in afternoon when two men got off their bike and snatched a bag containing Rs 5 lakh from Jamal Khan, who is working for businessmen Narayan Jaiswal, and fled," said Waidhan area Inspector AP Goswami.
He said Khan was supposed to deliver the money somewhere.
The incident was caught on CCTV. Police have registered a case and further investigation is on.