Miscreants looted Rs 4.5 lakh from an employee of a businessman, when he was traveling in an auto-rickshaw under the Pandra police station area on Tuesday morning.
The staff Md Ekram informed police that he worked at a ready-made garments shop in Upper Bazaar area of the city. He had visited Satbarwa in Latehar district on Sunday to receive payments from customers who had got supplies from his shop.
On the way back, he alighted from bus at around 11 am in Pandra and boarded an auto-rickshaw to move towards upper bazaar.
Meanwhile two youths who were also travelling in auto-rickshaw alighted from the vehicle near Jharkhand nursery. After paying the fares they assaulted Ekram and snatched his bag containing cash. The criminals fled from the spot on bike of a person who was waiting for them nearby.
Ekram said after recouping from the assault he took help of a person and tried to chase the criminals on a bike but they could not be traced.
City SP Sujata Veenapani said that police was investigating the case from various angles.