India, Sept. 16 -- A trader carrying Rs.40 lakh in cash to a bank was allegedly ambushed by four masked men on two motorcycles in a busy Kalyan market on Tuesday afternoon. The suspects rammed their motorcycles into his scooter, knocked him and his employee to the ground and allegedly snatched the cash before escaping.

The robbery took place around 1:30pm near Sahajanand Chowk on Old Mumbai-Agra Road, alarming traders and residents in the area.

According to the police, the victim, a cigarette and biscuit trader Faruque Akhtar was travelling from Waldhuni towards Kalyan with one of his employees. Four masked men on two motorcycles were allegedly following them when, near Sahajanand Chowk, they rammed their bikes into the scooter.

Akhtar...