Police said that Vijaypal who is employee of a trading company in Shastri Nagar was waiting for his colleague near Metro station when he was looted at around 12 noon.
Vijaypal had gone to deposit Rs 10 lakh in a bank and was waiting for his colleague Naresh when two bike borne, masked robbers reached him and snatched his money bag after spraying his eyes with chilly powder, said a police officer.
A case has been registered at Saray Rohilla police station and investigation has been taken up, said the officer.
The CCTV grabs of the nearby area are being examined and the employees of the trading company have also been questioned for leads in the case, he added.
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