In a broad daylight looting incident, two bike-borne miscreants snatched Rs 1.5 lakh from a businessman near the Allahabad Bank at Manjuri Road in the district on Friday.
According to sources, a businessman Shankarsan Panda had come to deposit money at the Allahabad Bank when the incident occurred.
Suddenly, two miscreants in a black Bajaj Pulsar bike snatched the bag containing cash from Panda and sped away from the spot, added sources.
After Panda lodged a complaint in this connection with the Bhandaripokhari police, an investigation was initiated.
Later, police got information about a black Pulsar motorcycle being abandoned by the roadside at Danar area in Keonjhar district. A team of Bhandaripokhari police have gone to the spot to investigate whether it was the same bike in which the loot was committed.