Money heist: How Vizag businessman hatched plan to loot friend under grab of selling gold

Police said that a robbery took place on June 29 at BW Enterprises at TSN Colony in Vizag city. The complainant Reddy Raju Naidu, working as Regional Credit Head of Augmont Gold Loan company reported that Beesetty William Prasad called him to come to his office at TSN Colony under the pretext of selling 700 grams of gold.

By Newsmeter Network  Published on  5 July 2022 5:05 AM GMT
Money heist: How Vizag businessman hatched plan to loot friend under grab of selling gold

Visakhapatnam: Police arrested four persons for looting a man under the garb of selling gold in Vizag.

Police recovered Rs 11.85 lakh, one Skoda car, and one scooty from the gang in Vizag.

The arrested were identified as Besetty William Prasad (32), who runs BW Enterprises interior design office at TSN Colony, Dondaparthy in Vizag city, Pendra Naresh (30), who works as a character artist in films, Shaik Yusuf (24), a resident of Khamma, working in film shooting and Shaik Nazeer (20), a native of KothaGudem district and works in film shooting.

Police said that a robbery took place on June 29 at BW Enterprises at TSN Colony in Vizag city. The complainant Reddy Raju Naidu, working as Regional Credit Head of Augmont Gold Loan company reported that Beesetty William Prasad called him to come to his office at TSN Colony under the pretext of selling 700 grams of gold.

Naidu borrowed Rs 15 lakh cash from a private financier Nachu Ananda Rao and went to William Prasad's office.

Naidu did not have enough money to buy the gold. He again went to the house of the financier and borrowed another Rs 15 lakh and went to William's office. He gave Rs 32.8 lakh to William for the gold.

However, three unknown persons entered the office and thrashed William and Naidu. Later they tied Naidu's legs and hands and decamped with the cash. They also took William with them along with the booty.

Laer Naidu approached the Fourth-Town police station. Naidu also informed the police he exaggerated the stolen amount to about Rs32.8 lakh though the actual money stolen was Rs 16 lakh.

Based on the complaint, police have investigated the case. The investigation revealed that William was the mastermind behind the robbery as he devised the plan to loot money to overcome his financial difficulties.

William has a criminal history in Hyderabad and a few other places. He lured Naidu on the pretext of selling gold. William also roped in three friends for the crime. "Based on the credible information, we have nabbed the accused and recovered Rs 11.5 lakh cash, one car, and one scooty from the accused," police said.

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