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10 arrested in Rs 1.30 cr kidnap-for-ransom case
In Short
The case relates to the kidnapping of K. Srinivas Rao, a 53-year-old jewellery businessman, who went missing on October 5, 2026, while travelling to his shop in Ramanthapur
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Hyderabad: Chikkadpally police, in coordination with the Commissioner’s Task Force, Secunderabad Zone, arrested 10 members of an alleged kidnapping-for-ransom gang and seized Rs1.07 crore in cash, gold ornaments weighing 118.26 grams, five vehicles and nine mobile phones.
The case relates to the kidnapping of K. Srinivas Rao, a 53-year-old jewellery businessman, who went missing on October 5, 2026, while travelling to his shop in Ramanthapur. Based on a complaint lodged by his brother-in-law, Chikkadpally Police registered a missing-person case and launched an investigation.
During the investigation, police learnt that the victim had allegedly been abducted near Golnaka Flyover, blindfolded and confined at an undisclosed location. The gang reportedly demanded Rs.15 crore from his family and eventually extorted Rs.1.30 cr before releasing him.
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