10 held for posing as policemen and kidnapping jeweller
In Hyderabad, a 53-year-old jeweller, K. Srinivas Rao, was kidnapped by a gang of 12 individuals posing as police officers. The incident occurred on October 5 near Golnaka flyover while the victim was heading to his shop in Ramanthapur. The gang, led by Dumavath Srikanth, demanded a ransom of ₹15 crore, which eventually settled for ₹1.30 crore once his family paid.
Ten members of the gang were arrested by the Chikkadpally police and the Commissioner's Task Force, with ₹1.07 crore in cash and multiple items recovered. The kidnapping was linked to a real estate dispute between two businessmen in Hemanagar, Boduppal.
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