The incident took place when a bank's cash van was about to leave an ATM site for reloading the cash in another ATM, they said.
Four unknown assailants came on car suddenly and placed a pistol on the head of Deepak Kumar, the cash incharge and then snatched the trunk containing Rs 50 lakh, police said, adding, all of them fled from the spot.
The cash belonged to State Bank of Patiala, police said.
Kapurthala SSP Dhanpreet Kaur and other senior officers visited the crime scene to take stock of the situation.
On December 12, jewellery worth Rs 25 lakh was looted at gun point by four unidentified armed miscreants from a shop in the same locality and nobody has been arrested so far.
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
