Two unidentified motorbike-borne persons shot at an employee of a leading rice exporter in Karnal and looted Rs 25 lakh from his possession on Friday afternoon.
Victim Ajay Kumar suffered two bullet injuries and was rushed to the PGIMER in a serious condition.
Meanwhile, the police authorities have started a massive manhunt to nab the culprits.
On the basis of an eyewitness account, the police are zeroing on a motorcycle bearing registration number of Ludhiana in Punjab that was allegedly used by the assailants, who were wearing helmets to conceal their identifies.
Three employees of Best Foods International, including Ajay, a cashier with the firm, withdrew cash of Rs 25 lakh from Axis Bank branch located at Thandi Sadak and were returning to their office near Indri in the district when the incident took place.
Superintendent of police Abhishek Garg said that as the three reached near Balri bypass on the national highway no-1, the motorbike-borne person shot at Ajay and snatched the bag carrying money.
Contrary to the police advisory, there was no armed security guard with officials carrying cash in their car, said the SP.
"We are scanning the CCTV footage at the bank for clues," he said.
Two other occupants in the car were not attacked.
Ajay was taken to Kalpana Chawla Government Medical College and sources said that at least one bullet was found stuck in the stomach and victim was referred to the PGIMER.
Meanwhile, chairman of Best Food International MP Jindal told HT that probably the criminals were following his employees after they withdrew cash.
"We have accounts in different banks and we normally do not withdraw money from the Karnal branches. Unfortunately, a security guard, who was engaged for the specific purpose to accompany the official party carrying cash, was removed few days ago and his replacement was not found. But I do not doubt role of any insider," said Jindal.