Rs 8 lakh looted from sponge iron staff

Police said Md Ahmed was returning to his factory on a motor-cycle after collecting cash from another unit when the three armed men attacked him, they said.

The dacoits took away the cash amounting to Rs eight lakh at gun point and fled in Ahmed`s bike, in the second day-light robbery in past four days.

Last Wednesday dacoits had looted 8.9 lakh from an employee of a private company near their office.

Another bank docoity took place yesterday at Biringatly SBI branch.