A four-member gang looted gold jewellery worth Rs two crore and Rs three lakh in cash from the Jayanagar branch of Muthoot Fincorp here in broad daylight on Wednesday.
According to police, the gang entered the first-floor office around 11 am in the guise of customers. The four men threatened the staff with lethal weapons and decamped with 12 kg of gold and cash of Rs three lakh. The looters fled the spot on two-wheelers.
They had cut the CCTV camera wires before entering the building. Superintendent of Police Amit Singh, who visited the spot, said that four teams had been formed to nab the robbers. The MB Nagar police have registered a case.
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