Meerut, May 11 -- Six masked miscreants struck at the residence of a brass trader and property dealer and allegedly looted Rs.1.20 crore and gold jewellery in Moradabad's Bangla Gaon area, considered one of the city's most secure localities. The incident took place around 3:30 am on Monday in Akbar Compound and was executed within 10 minutes.

According to the police, the accused managed to open the main gate lock from outside before entering the house. They reportedly climbed to the first floor by the staircase and held all six family members hostage at gunpoint.

The victim, identified as Imran, told police that he had arranged Rs.1.20 crore for the registration of a property scheduled for Monday and had kept the money at home. The robb...