A cashier working with a private company, who was on his way to deposit cash in banks, was waylaid by two unidentified persons and looted of Rs 16.64 lakh here, police said Tuesday.
The incident took place Monday noon in Kalyan, they said.
According to a complaint by the victim, Sashikant Chavan, who works as a cashier with a distributor in Ulhasnagar, had set out for Kalyan on a scooter with Rs 16.64 lakh in cash for depositing it in two banks.
Enroute, two persons apprehended him and also beat him up, the police said.
They took him to an isolated location near Ambivili station where they forced him to part with the cash and fled on his scooter, they said.
The victim managed to get an autorickshaw and reached his workplace after which he lodged a complaint, the police said.
A case has been registered, but no arrest has been made, they added.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
