India, July 17 -- In a daring daylight robbery on Tuesday, a businessman was robbed of Rs.40 lakh in cash by three unidentified men in a SUV, near the Babji Petrol Pump in Ambegaon.

Abhijit Vishnu Pawar, 32, a resident of Yedshi in Dharashiv district, had come to Pune with his friend Mangesh Dhone for business purposes. After parking their vehicle near a building opposite to the petrol pump, they went for business-related transactions.

As they were returning to their vehicle with a bag full of cash at around 8:45am, three men arrived in a black SUV and snatched the bag from Dhone's shoulder. They assaulted Pawar when he tried to resist, and sped away from the spot.

Following the incident, senior police officers, including deputy commis...