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According to reports, a total of 370 oxygen cylinders have been stolen from the hospital during the first and second wave of the COVID 19.
The accused, Ritalal Mahato had allegedly been stealing the cash and the same has been reflected in his bank transactions, said police.
The police said the victim identified as Santosh Kumar Sharma, is a bank manager with a Mumbai based bank
While Gujjar was still sorting things out, another bike arrived and two men carrying rods smashed the window panes of the car picked up the bag and escaped.
Shekar Bhagade, senior police inspector, Manpada police station under the guidance of the senior officer had formed a team to trace the accused.