The two employees of the stationary store in the Old Lajpat Rai Market in Chandni Chowk were waiting with the Rs 18 lakh on instructions from the owner of the shop when a man allegedly entered with a bag in hand. While the employees were questioning the man, two more men came in, again with bags in hand, and shut the gate, according to the police. They then took out pistols from their bags and threatened the employees to keep quiet, a police officer said.
The three accused tied one employee's hands and gagged his mouth with tape while the other was held at gunpoint, police said.
Apart from the Rs 18 lakh, the accused also stole a bag containing a passbook, cheque book and a purse, before escaping from the store, the officer told news agency Press Trust of India.
The accused were caught when the police found a mobile phone while combing their escape route. The SIM card was registered under a fake name, but after questioning several SIM card sellers in the locality, the police managed to identify Mohsin Alam as the original owner.
Police arrested Sarfraj Alam from Maujpur and recovered Rs 3 lakh from him. Amaan was caught in Loni, Ghaziabad and recovered Rs 3 lakh from his as well and a motorcycle used for the crime. Another man named Kasim was arrested from Loni with a loaded country-made pistol and Rs 3 lakh.
A third man from Loni, Sachin, was arrested with another pistol and Rs 86,500.
With inputs from PTI
Get Breaking news, live coverage, and Latest News from India and around the world on NDTV.com. Catch all the Live TV action on NDTV 24x7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.