The Begunia police of Khordha district have arrested three persons of Puincha village in Banki of Cuttack district in connection with the loot of over Rs 60 lakh from two employees of a private cash management company near Gediapalli here on November 8.
Acting on a tipoff, the cops raided houses of Papu Martha, Sudhir Mohanty and Sunil Mohanty at Puincha village and seized stolen cash from their possession
Under the supervision of the Khordha SP, a joint team including SDPO and Khordha Town police station IIC conducted the joint raid.
However, police did not divulge the details on amount of money seized from the arrestees’ possession.
On November 8, six miscreants came on three bikes and looted Rs 61.47 lakh from two staffs of Radiant Cash Management Service Private Limited at gunpoint near Gediapalli while they were going to a bank in a car to deposit the money.
Further investigation into the incident is on, police said.