According to police, the incident took place on Western Express Highway and a hunt is on to track down the prime accused Sadre Alam and his three associates.
Police said that the security van was loaded with the cash of nearly Rs two crore this afternoon by the security company at Lower Parel area.
"The vehicle with four employees, including Alam left the place to load the cash in ATM centres in suburbs," said Z Gharal, Assistant Commissioner of Police.
As the van reached Parle, two guards fell unconscious while the driver felt drowsy. At that time, a car stopped before the van and three barged out from the vehicle. The three accused, with the help of Alam, opened the security locker, lifted the cash before speeding away in the car.
An FIR was registered at Vile Parle police station, police said adding that further probe was on.
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
