Bengaluru, 27 June

A 33-year-old businessman was allegedly robbed of Rs 2 crore by a gang of unidentified men in MS Palya here, police said on Friday. The incident occurred on the afternoon of 25 June when Shree Harsha V was attempting to convert the cash into cryptocurrency at a commercial building, police added. Suddenly, a gang of six assailants barged into the premises, threatened him with knives, and fled with his money and four mobile phones after locking him and others inside the room, a senior police officer said.

In his complaint, the victim claimed he had borrowed the money from friends to import machinery to start his cold-pressed oil business. He said the transaction was arranged at an office in the commercial building at MS Palya.