According to police, Jagdish Gadiya (57) drove his wife and the property agent to Fort area last evening.
"Gadiya stopped his vehicle to visit a building. He along with his wife got down and walked towards the building while the property agent Hitesh Sanghvi (45) was sitting inside the car," Padmakar Juikar, senior inspector at MRA Marg police station, said.
In the meantime, an unidentified person struck a conversation with Sanghvi stating the latter had dropped a Rs 10 note on the road.
"Sanghvi got down from the car to collect the cash. When he returned, he could not find the bag that contained the cash of Rs 37 lakh," Juikar said.
"The accused must have dropped Rs 10 note on the road to divert the attention of Sanghvi. He and his accomplice then laid their hands on the bag before escaping. The accused may or may not be knowing that there was a huge cash in the bag," he added.
An FIR has been registered and further probe was on.
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