MBA graduate held for theft in Hyderabad

An MBA graduate was arrested on Wednesday for theft here in the city. M Vamshi Krishna aka Sam Richard aka Lokesh was reportedly involved in 23 theft cases. He is a native of Prakasam district in Andhra Pradesh.

Vamshi, who is also a gold medalist took to house burglary to lead a lavish life. The police recovered Rs 1.5 lakh and 800 grams gold from him.

According to the police, the accused targeted the locked houses in secluded residential colonies and used to decamp with valuables. He then used to pledge the booty in financial firms and spent them lavishly.