Five unidentified persons armed with pistols looted 12 kg of gold bars along with Rs 1,50, 000 in cash after overpowering four employees of Manappuram Gold loan Finance Company near Brahma Chowk area here on Wednesday.
The robbed gold and cash is valued at Rs 3.5 crore.
During the incident, four customers were also present in the company premises.
According to Surguja Superintendent of Police (SP) RS Nayak, five robbers entered the company at 4.05 pm and two robbers had covered their faces while three of them entered the premises without covering their face.
They entered the company premises by pushing one of the customer aside. The robbers forcefully took persons present into the locker Room after snatching their mobile phones.
Thereafter , they collected gold bars weighing 12 kg along with cash worth Rs 1.50 lakh from the locker Room and fled.
The security guard of the company was not in uniform and without a fire arm.
A police team had been dispatched to search the robbers in the bordering areas of Jharkhand, added Nayak.