Ajay, said to be in his early 20s, was arrested here this morning. He is a relative of the juvenile who allegedly planned the strike, police said.
While the juvenile has already been detained in the case, three other accused were arrested from Chandigarh.
The juvenile, who worked for businessman Rajesh Kalra, had told Ajay that his boss dealt with large amounts of cash which they could easily rob, police said.
"There were seven people who executed the robbery. A hunt is on to nab the three other accused in the case," said a senior police officer.
After executing the robbery, the gang decided to split and move to different locations. They even switched off their cellphones and did not try to contact each other, which, police says, has made them more difficult to trace.
Police have recovered part of the loot, said to be in crores (the exact amount is yet to be ascertained), from several places following information from the arrested persons.
There was speculation that the loot could well amount to Rs 15-20 crore after it was reported that there was foreign currency in the car.
Police said that the complainant, Rakesh Kumar Sharma, who is also Kalra's business partner, had initially told them that Rs 7.69 crore was robbed from the Honda City car in the Lajpat Nagar area.
According to sources, police today questioned Sharma for accurate information regarding the actual amount robbed in the heist.
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