Rs 7 crore looted at gunpoint in Ludhiana

Chandigarh, June 10

Cash worth a whopping Rs 7 crore was looted from the office of a private firm in Punjab's industrial town Ludhiana by at least 10 armed men on Saturday.

Police Commissioner Mandeep Singh Sidhu told the media that the office of CMS Company, a cash management firm, located near Rajguru Nagar, was looted.

He said 15 cash vans of the company are usually stationed there. The police have also recovered a cash van that was taken away by the miscreants.

The police have launched an operation to trace the miscreants, who destroyed CCTVs installed at the spot before committing the robbery.