PESHAWAR, Oct 30: Local police on Tuesday arrested their four personnel and one official of Intelligence Bureau over an armed robbery and recovered foreign and local notes valuing millions of rupees from their possession.

SP (city) Asif Iqbal told reporters at Malik Saad Khan Police Lines that gunmen stopped moneychanger Arshad Ali at motorway interchange on Oct 24 and snatched a bag full of foreign and local currency notes when he was on the way to Chowk Yadgar Currency Exchange Market from Mardan in a car.

He said that the Paharipura police registered a case against robbers and began investigation and later found out that some of the accused were policemen.

The SP said that with the help of sketches, the police arrested robbers, including police sub-inspector Noor Islam, constables Waseem, Kaleem and Shahzad, and an IB official.

He said that the police recovered 380,000 Saudi riyals (Rs0.38 million) and Rs2.1 million notes, two pistols and two kalashnikovs from their possession.

Mr Iqbal said that efforts were underway to arrest other members of the gang.

“It is basically a gang of around 10 people. It is involved in armed robberies in city areas of Peshawar,” he said.