The accused allegedly kidnapped K. Srinivasa Rao while he was going to his jewellery shop in Ramanthapur. Police have rescued a 53-year-old jewellery businessman, who was kidnapped in Hyderabad early this month, and arrested ten accused in connection with the case. The gang also allegedly sought Rs 15 crore in ransom, and collected Rs 1.3 crore from the man.
The incident took place near the Golnaka flyover on October 5 where the gang intercepted Rao, blindfolded him and confined him at an undisclosed location, police said.
Police launched a joint operation along with the Commissioner’s Task Force, Secunderabad Zone, leading to the arrests. The accused posed as police personnel to execute their plan, used a fake number plate and also changed vehicles to mislead the police. Ten persons have been arrested, while two remain on the run. “The accused allegedly impersonated police personnel to carry out the kindapping and used vehicles fitted with fake number plates to evade detection. Investigators suspect that a dispute over a real estate venture in Hemanagar, Boduppal, triggered the crime. Prime accused Dumavath Srikanth allegedly conspired with Gunjapogu Suresh, alias Surya and Suri, and Srinivas Reddy in August to kidnap Rao and extort money from his family. The arrested accused are being produced before a court for judicial remand.
The incident took place near the Golnaka flyover on October 5 where the gang intercepted Rao, blindfolded him and confined him at an undisclosed location, police said. They seized Rs 1.07 crore in cash, 118.26 grams of gold ornaments, five vehicles and nine mobile phones.
Our teams worked in coordination to identify and apprehend the suspects,” Deputy Commissioner of Police, Secunderabad Zone, Rakshitha Krishna Murthy, said.
