Trio robs Rs 1.24 crore from Mysuru gold merchant's team in Hyderabad


Hyderabad, Nov 27 (Deccan Chronicle): A trio robbed three people of Rs 1.24 crore on Saturday night and fled with the cash. The victims had been given the money by their employer, a gold merchant from Mysuru, and asked to give it to an associate of his at an apartment in Narayanguda.

The merchant, M H Rajendra, had sent the money to purchase gold. “He sends his men to cities where gold rates are low, to make purchases. After procuring the gold, he sells it at the local market in Mysuru,” a police official said.

Sanketh, Swapnil and Thangappa, three employees of the goldsmith, arrived in the city on Saturday afternoon. They left to meet the associate at Skyline Apartments in Narayanguda at around 9.30 pm.

“They got there and were awaiting instructions when they get a call from their employer asking them to return because the deal had been cancelled,” said Narayanguda B. Ravindar.

The employees then proceeded to enter the lift, where they were joined by three other men. The men stopped the lift on the first floor and started accusing them of theft.

The trio dragged the employees out of the building. “Upon noticing the commotion, people in the apartment building went to call for help.”

  

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Comment on this article

  • Ravi, Mlore/USA

    Tue, Nov 28 2017

    Inside job. Only question is whether the buyer or seller is involved. or whether these 3 employees cooked up this scheme. Merchants should stop dealing in large amounts of cash and switch to Cheques or bank to bank transfer

    DisAgree [1] Agree [1] Reply Report Abuse

  • Rita, Germany

    Tue, Nov 28 2017

    For me it looks like some insider play.Which Employer send a employee with so much money to buy gold in other city,instead of buying self?taht too in a apartment?story too is bit curios.Deal is cancelled.In the lift someone enters and so so on.Be honest can we believe it? when yes,is lost what in black earned from others.

    DisAgree [1] Agree Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Mon, Nov 27 2017

    All this was unheard before 2014 ...

    DisAgree [8] Agree [7] Reply Report Abuse

  • P. Shirish kumar, Mangalore

    Mon, Nov 27 2017

    This is all due to Siddu Bhagya

    DisAgree [4] Agree [2] Reply Report Abuse

  • U.suresh, Udupi

    Mon, Nov 27 2017

    Bigger than this was happened before 2014 by looters.

    DisAgree [2] Agree [4] Reply Report Abuse

  • Ronald D, Udupi

    Mon, Nov 27 2017

    May be an easy case to crack since few people are involved and deal was called off last minute!

    DisAgree [2] Agree [3] Reply Report Abuse

  • sri_elder, Karkala

    Mon, Nov 27 2017

    1crores business in cash...?
    Something wrong with digital India...

    DisAgree [4] Agree [19] Reply Report Abuse

  • shan, dubai

    Mon, Nov 27 2017

    Nothing wrong...... Digital money only for ordinary people..... Last week I saw a news about 1000 cores offered to Judge......can anyone make payment in digital India?????

    DisAgree [7] Agree [9] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Mon, Nov 27 2017

    Thousands of villages still do not have Electricity.
    Where should they insert the Power Cord ...

    DisAgree [4] Agree [4] Reply Report Abuse

  • sri_elder, Karkala

    Mon, Nov 27 2017

    Gold Smith from Mysore and business is from Hyderabad.
    Hyderabad is not at Himalayan mountain to get new electricity..

    DisAgree [5] Agree [5] Report Abuse

  • Jossey Saldanha, Mumbai

    Mon, Nov 27 2017

    We were talking about Digital India ...

    DisAgree [2] Agree [2] Report Abuse


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Title: Trio robs Rs 1.24 crore from Mysuru gold merchant's team in Hyderabad



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