Acting Perak police chief Zulkafli Sariaat said they received information regarding the incident here at about 9.30am.

He said the suspects, who wore masks and wielded machetes, fled in three vehicles – a white Volvo, a brown BMW and a black Toyota Estima.

“During the incident, the two victims had just exited a business premises carrying two bags containing jewellery weighing an estimated 4.1kg, worth about RM1.54 million.

“When the victims wanted to keep the bags in the car boot, the suspects rammed into the back of their car before robbing them,” Zulkafli said in a statement.

He said several people saw and recorded the incident on their mobile phones. Based on preliminary investigations, police found that the suspects used fake registration number plates.

Zulkafli said the case is being investigated under Sections 395/397 of the Penal Code.

He urged those with information to go to the nearest police station to assist in investigations.