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The incident occurred near the ONGC building on Sion-Bandra Link Road when the van had stopped in front of an ATM for refilling cash.
Four unidentified men approached the van and fled with a cash box containing Rs 1.5 crore, said Deputy Commissioner of Police Ashok Dudhe.
Further probe was on, he added.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)