Kidnap plot foiled, five held
Hyderabad, July 8 (INN): The Cyber Crime Police of the Central Crime Station, Hyderabad on Friday revealed that they have five persons, including a former partner of a software firm for planning to abduct the managing director of the firm for ransom of Rs two crore.
According to Deputy Commissioner of Police (Detective Department) J Satyanarayana, the prime accused NVV Satyanarayana Murty alias (32) was arrested along with his accomplices Cherukuri Sridhar, Goda Prasad alias Prasad, Kuthdi Sudharshanalias Dharshan and Aluvala Jagadeeswara Reddy when there were about to put their kidnap plan into action.
The police seized 15 cell phones along with SIM cards and an SUV from the arrested accused. Mr Satyanarayana said that the reason behind the kidnap attempt was the grouse felt by Murthy that he had lost out when he merged his company with the one of Vijay N Rao.
Elaborating further, the police official said that the accused Murty completed his M Tech and established an own company styled as Quatriple Technologies at Kamalpuri Colony with 45 to 50 employees with himself as MD.
Murty met Vijay N Rao and after consultation with each other, he merged his company in the latter's company styled as Magnetic Infotech Pvt Ltd in October 2007.
Murty was appointed as GM with Rs 25,000 as his monthly salary along with the other earnings as working partner. After the merger, Vijay Rao paid Murthy Rs 5 lakh as profit sharing in the month of March-2008. Due to economical meltdown, Murthy was not getting good returns after merging his company, while Vijay Rao's business went up steadily.
This developed a grudge in Murthy against Vijay Rao, leading him to hatch a plan about three months ago to obtain at least Rs two crore from the latter by kidnapping him.
He planned meticulously and engaged the services of his four accomplices to execute his plan, the police said. Accordingly, he got his accomplice to lure Vijay N Rao so that he could be kidnapped.
However, Vijay Rao got suspicious and lodged a complaint, based on which the police swung into action and caught the accused. They have been sent to judicial custody while the case is being investigated.
News Posted: 9 July, 2011
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