Financier hacked to death over loan repayment

Financier hacked to death over loan repayment

Financier hacked to death over loan repayment

 A 27-year-old financier was hacked to death by a gang of four men in Subramanyapura police limits on Friday night. The deceased has been identified as Sandeep Reddy, a resident of Raghavendra Layout in JP Nagar. Reddy was also a BJP leader, police said.

According to police, Reddy was returning home around 11 pm by his car when the assailants accosted him near Brigade Millenium building on Puttenahalli Road. They picked a fight with him and dragged him out of the car. Fearing his life, Reddy started to run for safety, but the suspects chased and attacked him before fleeing in a car. The police on night patrolling noticed the body of Reddy lying in a pool of blood and rushed him to a nearby hospital where doctors declared him dead on arrival, police said.

Preliminary investigation indicated involvement of Nagaraj, a one-time friend of Reddy, in the murder. Reddy had borrowed around Rs three lakh from Nagaraj a few months ago, but had delayed the repayment. Nagaraj had warned Reddy of dire consequences if he failed to pay the money. Both had fought over the issue a week ago and Nagaraj had vowed to teach Reddy a lesson, police said.

Reddy’s body was handed over to the family members after a post-mortem at KIMS.
He was unmarried and was staying with his parents, said the police.

Mechanic killed
In another incident in Chandra Layout police limits, a mechanic was hacked to death by unidentified persons late Friday night. The deceased was identified as Shivamadhu, 40, a resident of Vinayaka Layout and a native of Channapatna.

He was returning home from a birthday party when the assailants attacked him near Vinayaka Temple.

Police on night patrol found Shivamadhu badly injured and shifted him to a nearby hospital, where he was declared brought dead.