The car, owned by Paras village sarpanch Santosh Dandle, was intercepted by the robbers near the Collectorate Square last evening. They first beat up the car driver and then fled with the bag containing the cash, police said.
Dandle had withdrawn cash from a local bank branch after which he purchased a motorcycle with it. He then asked the car driver to take the four-wheeler to his residence in Adarsh colony and drove away on the bike.
In another incident, gold jewellery worth about Rs 1.5 lakhs was looted by two unidentified men from a 67-year-old woman.
While Kamal Potkatre was going in an autorickshaw, the two men intercepted the vehicle on Kharap road and asked her to keep all her jewellery in a bag citing security issues in the area. While she was keeping the ornaments in the bag, the two men snatched it from her and fled with the valuables.