Commissioner of police Biju George Joseph said that the accused, all hailing from western Uttar Pradesh, were nabbed within four hours of the incident last night.
Police raided their rented accommodation and caught them while the gang was in the process of dividing the booty amongst themselves.
"One of the accused, Shaukin, had gone to... A shopping complex five days back when he noticed businessman Rajendra Tambi carrying money home in a bag.
After conducting recces for a couple of days, they decided to execute their plan last night and intercepted Tambi outside his house in Shastry Nagar with a bag containing Rs 16.83 lakh cash.
After snatching the bag at gunpoint, the five accused fled the scene.
But one of them left his mobile phone behind and upon discovering the same, dialled the number after reaching their room in the Hasanpura area, enabling police to trace the location.
The other accused involved in the crime were identified as Raja, Murshid, Nakib and Meherwan.
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
