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Bengaluru

Gold coins bait: Hyderabad man robbed of Rs 20 lakh in Bengaluru

The accused to gain the confidence of Reddy had given him some gold coins and asked him to check if they were real or artificial.

Express News Service

BENGALURU: A 58-year-old businessman from Hyderabad who had come to the city to buy 500 grams of gold for Rs 20 lakh was attacked and robbed of the cash by a gang of six bike-borne miscreants.

The gang also attacked two others, including the businessman’s relative.

The incident happened inside Clay Groove Layout near Venkatagirikote in the outskirts of the city on Wednesday between 1 and 2 pm.

Poddutoori Vishwa Prasad Reddy had come in a car along with his relative V Nidaganti Puttaiah (42) and H Shaik Baji (32). Two of the accused after confirming that Reddy had come with the cash took all the three victims inside the layout where the other accused were waiting. When he handed over the cash, the accused attacked all the three and fled with the cash.

One of the accused identified as Kumar who befriended Reddy through Shaik Baji had claimed that he had found treasure of four kilograms of gold coins of which he wanted to sell 500 grams for Rs 20 lakh. The accused to gain the confidence of Reddy had given him some gold coins and asked him to check if they were real or artificial. When Reddy got it tested, it turned out to be real gold.

Due to the skyrocketing gold price, Reddy fell for the below market price deal and came in a flight to the city from Hyderabad. He then went to Yelahanka to get the cash from a relative and from there he came in a cab to the location sent by the accused with the two others.

“One accused identified as Kumar was in touch with Reddy since Monday. Search for Kumar and the other five are on. Shaik Baji was earlier working as a driver with Reddy and we are checking if he has any role in the robbery since he was the one who introduced Kumar,” said an officer.

The Vijayapura police have registered a case of dacoity under section 310(2) of BNS and are further investigating.

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