Bengaluru, Nov. 20 -- A group of men allegedly posed as officials from the Reserve Bank of India (RBI) and commandeered a vehicle carrying more than Rs.7.11 crore in cash near the Ashoka Pillar in broad daylight on Wednesday, said police, adding that the vehicle was later found abandoned with the cash missing.

A senior police officer in the know said the incident occured when a van, operated by a cash management services (CMS) company, was allegedly intercepted by a Toyota Innova and diverted from its planned route. The location where the van stopped was a surveillance "blind spot" with little CCTV coverage, added the officer.

According to city police commissioner Seemant Kumar Singh, "We are examining all angles in the case, including ...