Harender Rana and his cousin Arun Solanki, however, were arrested and the entire cash was recovered, they said.
Rana had on Monday reported to police that he works as a collection agent with Share Microfin Ltd and that he was robbed of Rs 1.16 lakh near Nangloi when he was going to deposit the money in a bank in Paschim Vihar.
He also claimed that three persons way-laid him and inflicted injuries on him when he refused to part with the money.
Police, however, doubted Rana's claims and subjected him to intense interrogation which eventually led him to disclose that he had planned the 'robbery' along with his cousin.
"He was annoyed with his company as they didn't pay him proper increment. He also took advantage of similar type of incidents which he read in newspapers," Additional Commissioner, West Delhi, V Renganathan said.
Rana also told police that he had started living in the firm's office complex in Nangloi.
"The agent's earnings were not sufficient to meet his lavish expenses, and Rana became annoyed with the company as he was not getting increment according to his expectation. This led him to hatch a plan of a fake robbery to earn quick money," the officer said.
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
