The incident happened at around 8.45 am when the victim, Vijay Goyal, was on his way to his shop on a two-wheeler with the bag, they added.
Around 200 meters from his home, two armed men with their faces covered intercepted him and snatched the bag at gunpoint, police said, adding that the robbers also took away Goyal’s two-wheeler.
The victim has told the police that the bag contained Rs 40 lakh in Indian currency and foreign currency worth Rs 30 lakh, said DSP (Jagraon) Rashpal Singh.
The entire incident was recorded in a CCTV camera installed at a nearby house, he said, adding that the police were going through the footage to identify the accused and a case was registered in this regard.
PTI