NAGPUR: An unidentified man allegedly snatched a bag containing ₹50,000 from a 70-year-old retired man outside his apartment complex in the Nagbhumi Society area of Deepak Nagar under Gittikhadan police station limits on Monday evening.

According to police, the victim had withdrawn ₹1.5 lakh from his pension account at an Indian Bank branch in the Federal Colony area. He kept ₹50,000 in a bag and placed the remaining amount in his trouser pocket before returning home.

At around 5 pm on October 26, the victim reached his apartment complex and was standing near the lift inside the compound when the unidentified accused, who was already present there, allegedly snatched the bag containing the cash and fled.

The elderly man tried to chase the accused but lost his balance and fell down, preventing him from catching the suspect.

The accused reportedly wore a black T-shirt, blue full-length trousers and black sports shoes and was carrying a white bag, according to the police description.

Following the incident, the victim approached Gittikhadan police, who registered a case under relevant provisions of the Bharatiya Nyaya Sanhita (BNS).

Police have launched an investigation to identify and trace the accused. Further investigation is underway.