Hyderabad Jeweller Kidnapping: 10 Arrested for Abducting Businessman Posing As Cops, INR 1.07 Crore Recovered
Hyderabad Police rescued jeweller K. Srinivasa Rao, kidnapped on October 5 by a gang posing as cops, and arrested 10 accused. The gang sought INR 15 crore in ransom, and INR 1.07 crore was seized.
Hyderabad Police have rescued 53-year-old jewellery businessman K. Srinivasa Rao, who was kidnapped earlier this month, and arrested ten accused in connection with the case. Two others remain on the run. The gang allegedly impersonated police personnel to abduct Rao while he was heading to his jewellery shop in Ramanthapur, demanded INR 15 crore in ransom, and managed to collect INR 1.3 crore from him before the police closed in. Officials said the accused used fake number plates and kept switching vehicles to throw investigators off their trail.
A joint operation by the local police and the Commissioner's Task Force, Secunderabad Zone, led to the arrests.
Hyderabad Jeweller Rescued, 10 Held For Fake-Cop Kidnapping
Hyderabad, Telangana: Hyderabad police arrested nine people for allegedly kidnapping a 53-year-old jeweller, Srinivasa Rao, and extorting ₹1.30 crore from his family. Police seized ₹1.07 crore in cash, gold jewellery, five vehicles and nine mobile phones. Two accused remain absconding. Investigators suspect the kidnapping stemmed from disputes linked to real estate dealings
— IANS (@ians_india) October 17, 2026
How The Kidnapping Unfolded
The incident took place on October 5 near the Golnaka flyover. The gang intercepted Rao, blindfolded him and held him at an undisclosed location, police said.
Deputy Commissioner of Police, Secunderabad Zone, Rakshitha Krishna Murthy, said, "The accused allegedly impersonated police personnel to carry out the kidnapping and used vehicles fitted with fake number plates to evade detection. Our teams worked in coordination to identify and apprehend the suspects." Karnataka: 40-Year-Old Man Stages Own Kidnapping for INR 90 Lakh Ransom To Pay Debts.
Real Estate Dispute Suspected As Motive
Investigators suspect that a dispute over a real estate venture in Hemanagar, Boduppal, triggered the crime. Prime accused Dumavath Srikanth allegedly conspired with Gunjapogu Suresh, alias Surya and Suri, and Srinivas Reddy in August to kidnap Rao and extort money from his family.
Cash, Gold And Vehicles Seized
Police seized INR 1.07 crore in cash, 118.26 grams of gold ornaments, five vehicles and nine mobile phones from the accused. The cash is part of the amount allegedly extorted from the businessman, and efforts are on to trace the rest. Gorakhpur: Teen Fakes Own Kidnapping Using AI Images to Demand INR 1 Lakh From Father.
Accused Have Criminal Records
Police said the accused have criminal antecedents:
- Srikanth faces 16 cheating cases linked to alleged fraudulent offers involving flat construction.
- Suresh has been linked to property offences, theft, robbery, extortion and kidnapping-for-ransom cases.
- Bandari Samson, alias Lucky, has five previous property-related cases.
Two Accused Still Absconding
"Two accused, including Srinivas Reddy, are still on the run. We are making efforts to trace them and recover the remaining amount," the DCP added.
The ten arrested accused are being produced before a court for judicial remand.
(The above story first appeared on LatestLY on Oct 18, 2026 11:08 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
