A bag containing Rs 25 lakh, including dollars, was snatched from Gulshan Kumar, a money exchanger, at gun point on February 25 from Nihal Singh Wala area by some miscreants, they said.
Acting on a tip-off, a house in Dohak village here was raided and two persons, identified as, Gurbaksh Singh and Vicky, were arrested while three others managed to escape, police said, adding a hunt is on to arrest them.