According to the police, four armed men in a Toyota Qualis blocked the cash van and forced it to stop near Karanja in Vidarbha. The men then transferred the cash from the boxes to the bags they had brought and asked the two guards to sit in their car. The men then drove off.
The two guards were asked to get down from the vehicle after 25 minutes at Sonpur jungles near Kondhali in Nagpur district as the men fled with the cash.
A team of Nagpur rural police have shifted the cash van of the Axis Bank from the site of the crime in Thanegaon to the Kondhali police station, 50 kms away from Nagpur.