Hyderabad city police arrested a gang of five robbers who had waylaid three persons from Mysore and looted an amount of Rs 1.26 crore in the city.
Hyderabad police commissioner V Srinivas Rao told a news conference on Monday that three employees of MH Rajendra, a gold trader in Mysore had come to the city on Saturday evening by car to purchase gold and as per the instruction of their employer visited Skyline Apartments in Narayanguda area to purchase the gold.
However, on receipt of a phone call from MH Rajendra that the deal was cancelled, they came out of the apartment.
As they were going down to the ground floor in the lift, three intruders attacked them and dragged them out alleging that they were thieves. Once out of the building three assailants snatched the bag containing the money and fled from the scene.
However the alert police launched a manhunt for the robbers and within six hours of committing the theft, all the accused were nabbed. They include Pinjara Srihari yadav, Pinjara Kunal Yadav and Pinjara Kushal Yadav and two others.
The police recovered the money, a seized a Honda two wheeler and three mobile phones from them.