HYDERABAD: An employee of a private real estate company was arrested along with two others, after he allegedly stole Rs 50.57 lakh cash belonging to the company. The accused allegedly used some of this ill-gotten money by spending it on online gambling.
Rahakonda police said that N Naveen Reddy, K Amit Reddy, B Rama Krishna have been arrested. On March 31, the representatives of the real estate company lodged a complaint that their assistant marketing manager, Naveen, was asked to keep Rs 50.5 lakh in safe custody and hand over the same to them the next day. But after taking the cash, the accused became inaccessible.
On Wednesday, when Naveen was seen in Peddamberpet, police nabbed him and could only seize Rs 28.6 lakh from him. During questioning, Rachakonda police came to know that he is addicted to online rummy and casinos. After he suffered losses, he took a loan from his colleagues and invested the money in online gambling.
On March 23, Naveen was given Rs 50.5 lakh cash, He allegedly spent Rs 12 lakh in a casino and lost the money.
Naveen informed the other accused — Amit Reddy and Rama Krishna — that he is in possession of cash. Naveen gave Rs 5 lakh to Rama Krishna, his uncle, and the remaining cash was retained by him. Naveen and Amit Reddy visited Kolkata and Bhubaneswar before they were caught.