HYDERABAD: At least 40 days in to the incident, the SR Nagar police arrested the accused in rice-pulling coin case on Wednesday.
DCP (West Zone) A Venkateswar Rao said the deceased Santosh Reddy and the accused, Manik Reddy, were cousins. Manik told Santosh that they would get a rice-pulling coin from his two friends in Nagpur and the coin has magical powers. For purchasing the coin from his friends, Manik asked `10 lakh in cash from Santosh and also promised Santosh that if the coin was sold, it would fetch them a profit of ` 15 lakh.
Believing Manik, Santosh allegedly paid `2 lakh. However, Manik did not buy the coin and this enraged Santosh, who took up an argument with Manik and got killed in his hands on January 29.