Indore, June 17 -- Three people were arrested in connection with the loot of Rs 29.65 lakh from a scrap trader in Madhya Pradesh's Indore district, police said on Wednesday.

The incident took place in the Pandhrinath area in the district on the night of June 11. The loot was masterminded by Chandrashekhar Mukati, who himself, works in a similar business, allegedly sent his two associates, Amar and Praveen Bhandari, to carry out the crime.

Pandhrinath police station incharge Satish Patel informed that two persons arrived on a two-wheeler at around 8:30 pm on June 11, snatched a bag full of money from the businessman and ran away. The complainant tried to chase them, but both accused managed to escape.

"Following the incident, a total of...