Three men have been arrested for allegedly hatching robbing a man of Rs 52.50 lakh in south Delhi's Malviya Nagar.
The three accused -- Naresh Chand (43), Vikram Singh (44) and Mukesh Trivedi (46) were arrested yesterday from a Saket mall, the police said.
Rs 41.76 lakh in cash was recovered from the accused and raids are being conducted to nab other accused, they said.
The incident took place on Monday evening.
The victim, Rajesh Kumar, had informed police that he and three of his associates were robbed at gunpoint.
Kumar told police that he and his associates had come to buy a plot from a property dealer and had brought Rs 52.50 lakh in cash.
They were taken to a plot from their they all went to the property dealer's office, the police said.
When Kumar and his associates were leaving the office around eight armed men barged in the office and started abusing them.
One of the persons, who was already present in the office, took out demonetised notes of Rs 500 and Rs 1,000 denomination and accused Kumar of coming there to exchange old currency, the police said.
Kumar was threatened by the men, who had barged in the office with pistols. They also claimed that they would file a case against him, the police said.
Kumar and his associates fled from there but their bag containing the cash was snatched from them, the police said.
Acting on a tip-off, the accused were arrested while the police are conducting raids in Bulandshahr, Meerut, Faridabad, to nab the remaining accused, they added.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)