Noida, Aug 19 (PTI) A collection agent of a private company was allegedly looted of over Rs 10 lakh by three unidentified armed men on a stretch of road in Uttar Pradesh's Noida on Thursday, police said.

The in-charge of the local Sector 39 police station has been suspended in the wake of the incident that took place around 4 pm in Sector 106, they added.

Also Read | India Has Historical Relationship with Afghan People and That Will Continue to Guide Our … – Latest Tweet by Press Trust of India.

Joint Commissioner (law and order) Love Kumar said, "The collection agent was on a motorcycle when he was taken over by the assailants, who forcibly took away the money from him."

"The exact amount of the money looted is yet to be calculated by the agent and the company but after an initial estimate, they have put the figure somewhere between Rs 10 lakh and Rs 15 lakh," he told reporters.

Also Read | Pune: 60-year-Old Man Allegedly Duped Of Rs 11.16 Lakh By Fraudster On Pretext Of Providing Jobs to His Sons; Case Registered.

The officer said multiple police teams have been put on the case and efforts are being made to crack it at the earliest.

The incident led to the shunting of Aazad Singh Tomar, the station house officer (SHO) of the local police station.

"In view of the incident, the SHO of the Sector 39 police station has been suspended from the post on charges of negligence," a police spokesperson said.

(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)