A 38-year-old sales executive was today robbed of Rs 29 lakh by three armed bike-borne miscreants in the Kalyanpuri area of east Delhi, police said.
According to police, the incident took place at around 12 noon when Rajesh Sinha, who works as a sales executive with a Noida-based firm, was headed to his office.
Sinha told police that a bike with three riders waylaid his car and he was asked to pull up at the Gazipur traffic signal.
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"One of the accused took out a knife and threatened Sinha. They then snatched the bags that he was carrying and fled the spot," a police officer said, adding that there is a likelihood that someone who knew about the presence of the cash in the car was involved in the robbery.
A team has been formed to investigate the case and nab the robbers, police said. Footage from a CCTV camera at the site of the crime is being scanned to identify the accused, they added.