Thursday's incident occurred around 9.35am at Sainagar on MG Cross Road no.1, Kandivali. The complainant, Jiten Gangar, 35, works for an oil company. He had left office in his Maruti Swift and was on his way to the bank to deposit the company's earnings. He was accompanied by a security guard from the company who was carrying Rs 8.75 lakh in cash. The guard was seated next to Gangar. They had reached Samta Krida Bhavan when two men suddenly blocked Gangar's path with a white-coloured Esteem. The accused got off the Esteem and were joined by two other accomplices who had been waiting at the location.
"The four accused smashed window panes adjacent to Gangar as well as the guard. Brandishing arms, they had a scuffle with Gangar and the guard, before making off with Rs 8.75 lakh in cash," an official from the Kandivali police station said. Gangar later approached the Kandivali police who registered a case under provisions of the IPC for robbery and under the Arms Act.
"We will now go through CCTV footage of the junction to identify the accused. Sketches will also be prepared," the official said.
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