Local people, however, chased and caught three of them.
Employees of Raj Milk Company, Shyam Sundar Singh and Bihari Paswan, were travelling with the cash in a car, when five persons fired and hurled bombs at the vehicle at Moharwali Gali locality.
Paswan, who was driving the car, suffered a bullet wound in his hand.
"As the vehicle screeched to a halt, the miscreants snatched the cash bag from them and fled from the spot. The public chased them and captured three," said Jayantkant.
Five bombs, two pistols and five bullets were recovered from them but the looted cash was not found, the SP said adding a manhunt was launched to arrest the remaining two.