A 25-year-old man was arrested for allegedly robbing a security firm personnel of over Rs 14 lakh when he was on his way to deposit the money in a bank at Koregaon in Satara district today, police said.
However, what the accused, identified as Adhik Pawar, did not know that the bag containing the cash was in denominations of Rs 500 and 1000 which were scrapped recently.
The incident occurred in afternoon when Vitthal Pawar, a staffer with a private security firm, withdrew over Rs 14 lakh cash in old currency from an ATM in Koregaon and was heading towards the State Bank of India bank to deposit them, a senior police officer said.
Vitthal's firm was tasked with withdrawing old currency notes from the specified ATM and deposit them in SBI branch in Koregaon.
"As Vitthal reached one intersection, he was waylaid by the accused, who pushed the complainant on the floor and fled with the bag containing the cash worth Rs 14 lakh," said Local Crime branch senior police inspector Padmakar Ghanvat.
On the basis of description, the accused was identified and arrested in evening. He is a resident of Koregaon.
A case of robbery was registered against him on the basis of the complaint lodged with police by the security firm personnel.
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