Three youth who waylaid a steel merchant and snatched away Rs. 3 lakh from him were arrested by the Chidambaram police on Wednesday and the money was recovered from them.
Police sources said that on Monday, Mohammad Pari closed his shop on Chinna Hajiar Street and was carrying home a cash bag containing Rs. 3 lakh on a two-wheeler.
When he was passing through North Main Road, three unidentified youth waylaid and attacked him with wooden logs.
They snatched the bag and fled the scene.
Mr. Pari was admitted to hospital. Based on his complaint, the police launched a hunt and rounded up Bhaskar (24), M.Ni. Kandan (23) and Ashok Kumar (23), all hailing from M.J.Nagar and recovered the cash from them.