The incident took place late last night when thieves broke open the double locks of the treasury and fled away with the cash, they said.
The money amounting to Rs 1 crore was brought from the Bank of Baroda branch in Kadipur yesterday and was kept in the treasury along with Rs 15 lakh for disbursal among farmers for their land acquired for the Purvanchal expressway, police said.
Station officer of Kotwali Anil Sonekar and two constables have been placed under suspension for laxity, they said, adding one of the constables abstained from duty without informing the officers concerned, while the other was unaware of the theft.