Warangal Btech dropout, hit by job loss steals Rs. 29.50L of friends saving

According to the complaint filed by Yogeswar, he along with two friends, Avula Naresh and Laxman, had rented a house in Nagaram. During the lockdown, they had to vacate the house, however, all three had a key to the house.

By Newsmeter Network  Published on  18 Nov 2020 11:24 AM GMT
Warangal Btech dropout, hit by job loss steals Rs. 29.50L of friends saving

Hyderabad: The Keesara police arrested a man on 18 November for stealing his friend's savings worth Rs. 29.50 lakhs. Unemployment and financial crisis brought about by the COVID-19 pandemic had forced Avula Naresh, a B.Tech dropout, to rob the 25-year-old K. Yogeswar Rao, a resident of Kapra.

According to the complaint filed by Yogeswar, he along with two friends, Avula Naresh and Laxman, had rented a house in Nagaram. During the lockdown, they had to vacate the house, however, all three had a key to the house.

Yogeswar had amassed a saving of Rs. 29.50 lakhs which he kept in a suitcase. His friend knew about the money. On 17 November, the complainant left for work around 10 a.m. When he returned home that evening, he found that the suitcase was unlocked. He opened it and found the cash was missing.

When he realised that the apartment door was locked when he returned home from work, he immediately contacted his friends Naresh and Laxman. They said they had not come to Nagaram. Later, Yogeswar lodged a complaint with the Keesara police and a case was registered under Section 380 of the IPC.

During the course of the investigation, the police found that Naresh, a resident of Dharmasagar in Warangal district, had lost his job during the pandemic and was facing a financial crisis. When the situation grew worse, he hatched a plan to steal his friend's money. On 17 November, he came to Nagaram and waited till his friends left for work. Once they left, he entered the house with his key, broke open the suitcase, and stole the cash. He was waiting for a bus for Warangal when he was caught by the Keesara police in Uppal.



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