Gurugram, Nov 26 (IANS): Three bike-borne men on Monday looted Rs 37 lakh from the cashier of a cocking gas agency here in an upscale residential area of Gurugram, police said.

The incident occurred in the South City Phase 1 around 12 noon. The gas agency belongs to BJP district spokesperson and local councillor Kuldeep Yadav's family.

"Sushil Lathar, cashier of Urvashi Enterprises, was about to move in a Creta car towards a bank to deposit Rs 37 lakh in cash. Three men came on a bike and snatched the bag containing the amount after threatening to shoot him," said a senior police officer.

"The cash could not be deposited in the bank the previous three days due to bank holidays. I sent my cashier to deposit the amount but the money was looted outside my house," Mahender Singh Yadav, owner of the LPG agency, told the police.

Cashier Lathar said he may have seen two of the three miscreants earlier somewhere but could not recognise them.