Unidentified miscreants looted Rs 6 lakh from a businessman at the Baramunda bus-stand under the Khandagiri police station in the State capital on Saturday evening.
Sources said the Begunia businessman Krushna Chandra Sahoo was travelling to Cuttack in the evening. The bus was about to leave for Cuttack after a short halt at the Baramunda bus-stand.
However, the motorbike-borne miscreants, who were following Sahoo, snatched away his bag containing the money and fled from the spot.
Sahoo filed a complaint with the Khandagiri police, basing on which police launched a probe into the matter.