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Andhra Pradesh: Six arrested for stealing over Rs 1.5 crore in Vijayawada

Cops arrested six persons on charges of cheating and stealing Rs ... Read More
Cops arrested six persons on charges of cheating and stealing Rs 1.64 crore cash from their employer at One Town police station limits in

Vijayawada

on Monday. Police managed to recover Rs 1.33 crore. Addressing the media, deputy commissioner of police K Babu Rao, the main accused identified as Gandikota Phanindra (24) was a trusted employee of

gold shop

owner Goli Radha Krishna, a resident of Sivalayam Street.

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Cops said Phanindra had been working for Krishna for the past four years, who handed Rs 1.64 crore to him and two other employees—Sunkara Ramanjaneyulu and Belu Syam—which had to be sent to Chennai for business purposes on November 26. Cops said Rao hatched a plan to steal the money by taking the help of five other friends —Nakka Siva Nagaraju, Alavala Saibabu,

Tadiestti Bhavanarayana

, Velpuri Ankama Rao and Gurram Ajay Kumar.

Explaining the incident, Rao said that Phanindra staged a scene where two of his friends Siva Nagaraju and Ankama Rao hit their car with their motorcycle on the outskirts of

Kavali

town, Nellore district. Cops said Syam and Anjaneyulu got into a heated argument and their attention was successfully diverted. In the meantime, the other accused managed to sneak in and steal the money.

Cops said they managed to trace and arrest all the accused, including Phanindra, based on their call data and vehicles used. Cops also said the recovered money will be handed over to the I-T department for verifying the income source.

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