Six persons have been arrested by Vijayanagar police for allegedly kidnapping a businessman from Bengaluru who is also one of the directors of a company that is in the news for allegedly cheating investors.
While two among the arrested are from the city, the other four are from Pandavapura. They are Vijaykumar, Manjunath, Ramesh, Kamaraj, Anand and Somashekar. Manjunath and Ramesh are from Nazarbad and the rest are from Pandavapura.
According to the police, on May 25 (Wednesday), the accused had kidnapped Mahesh, a businessman and a resident of Jnanabharathi Layout in Bengaluru. The incident occurred near the Vijayanagar Sub-registrar’s office.
Mahesh is one of the directors of Hindustan Infracon (India) Limited that has allegedly cheated investors in several parts of Karnataka. The managing director of the company V N Lakshminarayan has been arrested and lodged at the Parappana Agrahara Central Prison in Bengaluru and has been denied bail.
The police said that Mahesh and his father Prabhakar worked for the Hindustan Infracon (India) Limited as directors and had involved many people in the company dealings, promising them huge returns. They, along with other directors of the company, had a huge network across Karnataka and several people especially retired employees, had invested in various schemes launched by the company.
Once the company lost its reputation and when cases were booked against its managing director, a certain Devaraj, who is also one of the directors of the company, allegedly plotted Mahesh’s kidnap. Devaraj was of the opinion that Mahesh and Prabhakar were in good terms with Lakshminarayan and had huge cash that was collected from the investors.
Accordingly, on May 25, when Mahesh came to the Vijayanagar Sub-registrar’s office for some property registration, he was bundled into a Toyota car (KA 04 D 5023) and taken to Pandavapura.
The accused also used another Tata Indica car for the crime and that vehicle is yet to be traced.
The accused then called Prabhakar and demanded a ransom of Rs 25 lakh to release Mahesh. Prabhakar bought some time and approached Vijayanagar inspector Guruprasad and lodged a complaint.
A team was formed and Prabhakar was asked to call the kidnappers and the price was negotiated at Rs 10 lakh and later, the kidnappers slashed it to Rs 5 lakh. The kidnappers asked Prabhakar to get the money to Pandavapura.
The police team then rushed to Pandavapura and laid a trap for the kidnappers to take them into custody. All the accused were produced before the court and remanded to judicial custody.