The complainant, Sachin Bansal, told the police that the incident took place around 2.15 PM when he was heading towards his residence after collecting money from his clients at Chandni Chowk in Old Delhi, said a senior police official.
When he reached an intersection at Sarai Rohilla, not far from his home, two bike-borne youths, who were wearing helmets, waylaid him and snatched away his bag, which contained Rs 1 crore cash, by pointing a gun at him, said the official.
