Bengaluru, Jun 27 (PTI) A 33-year-old businessman was allegedly robbed of Rs 2 crore by a gang of unidentified men in M S Palya here, police said on Friday.

The incident occurred on the afternoon of June 25 when Shree Harsha V was attempting to convert the cash into cryptocurrency at a commercial building, police added.

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Suddenly, a gang of six assailants barged into the premises, threatened him with knives, and fled with his money and four mobile phones after locking him and others inside the room, a senior police officer said.

In his complaint, the victim claimed he had borrowed the money from friends to import machinery to start his cold-pressed oil business.

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He said the transaction was arranged at an office in the commercial building at M S Palya.

A case has been registered, and efforts are underway to identify and nab the accused, police said.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)