On the day of the robbery, Goswami told police, he was on his way to the bank with the cash on a scooter. Around 11.30 am, two persons allegedly stopped him near Azad Chowk in Nana Peth. One of them pointed the sharp weapon at him and then snatched the cash.
The police have so far recovered Rs 25 lakh from the accused. “Attempts are on to recover the remaining amount robbed by them,” said senior inspector Ramesh Sathe.