Unidentified miscreants looted Rs 5 lakh from two contractors at Civil Township near STI Chowk on Wednesday at about 4 pm.
According to police, Nilu Agarawal of Bisra area and Sambhu Agarwal of Biramitrapur area, both railway contractors, after withdrawing Rs 5 lakh from SBI Industrial estate branch, went to the Daily Market area for some works. While the duo was returning, two bike-borne miscreants intercepted them near Suruchi Bazar and looted the sum from them at gun point. When opposed, the miscreants attacked the duo and left Nilu injured.
Getting information, Raghunath Palli police rushed to the spot and started an investigation. The incident in a bazaar area in broad day light has triggered panic among the business community.
It is to be mentioned here that in a couple of weeks earlier, three miscreants had looted around Rs 3 lakh from a factory manager. But timely action by the police had had resulted in the arrest of the miscreants and recovery of Rs 1.75 lakh from them.