Mysuru: An incident of miscreants threatening a businessman with knife and looting him of Rs. 1 lakh has been reported from Mathura Nagar in Metagalli Police limits on Sunday night.

The businessman, whose money was looted, has been identified as Ranjith, a resident of Mathura Nagar, who is running a wine store on KRS Road here.

On Sunday night, after closing his business, Ranjith was returning home in his Maruti Omni van when two bike-borne miscreants waylaid him near Mathura Nagar Park and threatened him with a knife and fled with Rs. 1 lakh Ranjith was carrying.

He later lodged a complaint at Metagalli Police Station at about 11.50 pm.

Metagalli Police, who rushed to the spot on receiving information, conducted mahazar and conducted a search for the bike-borne miscreants in vain.

Inspector Sunil Kumar, who has registered a case in this regard, is investigating.