Mysore, Nov 13 (UNI) A gang of dacoits waylaid three businessmen at knife-point and looted Rs 37 lakh in cash after assaulting them near Kollur Gate in Channapatna town on the Mysore-Bangalore state highway, last night.
According to police, the eight-member dacoit gang stopped businessman Shoukat, who was returning to Bangalore with cash after selling his agricultural land in his native village in H D Kote taluk in the district along with two of his friends.
The dacoits, who had followed their car in a jeep, snatched the cash bag and a cheque for Rs seven lakh after assaulting the trio and the driver of the vehicle.
The assailants also took away the vehicle from the victims and abandoned it later. A case was registered and a special police team was formed to nab the culprits, police said.