Bizman robbed of Rs 2 cr while converting cash to crypto in Bengaluru

Bizman robbed of Rs 2 cr while converting cash to crypto in Bengaluru

Bengaluru, Jun 27 (PTI) A 33-year-old businessman was allegedly robbed of Rs 2 crore by a gang of unidentified men in M S Palya here, police said on Friday.
The incident occurred on the afternoon of June 25 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 M S Palya.
A case has been registered, and efforts are underway to identify and nab the accused, police said. PTI AMP SSK

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