According to the complaint, the incident took place when Seth was on way to deposit Rs. 10 lakh in a bank at Sri Hargobindpur town.
Seth got down from the car for some work leaving the bag containing the amount inside the vehicle, police said adding, making use of the situation Rajesh escaped with the bag.
Later the car was found abandoned near Sekhri gas agency in the industrial town, police said.
Teams have been constituted to arrest the absconding driver, SHO City police station Lakhwinder Singh said.