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Madikeri : Armed assailants escape with booty worth over Rs 50 lakhs ; 3 arrested

Madikeri : Armed assailants escape with booty worth over Rs 50 lakhs ; 3 arrested

Mangalore Today News Network

Madikeri, Nov 25, 2016 : In a shocking case, a group of armed and masked assailants which barged into a house  at Hosapattana near Kushalnagar on November 24 has decamped with valuables worth over Rs 50  lakhs after tying  him down.


 The house belonged to Shivakumar.  It s learnt Shivakumar was getting ready to travel to Bengaluru at around 7.15 am when the assailants barged in. His relative  Vishwanath too was present in the house. Both the men were tied down and  plasters fastened on their mouth by the assailants who  later laid their hands on cash and jewels in the house. It is learnt the stolen valuables included Rs 1 lakh new currency, Rs 6 lakh old currency apart from gold and diamond ornaments.

The assailants had in their possession a revolver.  Meanwhile a friend of Shivakumar named Ishwar who had come to go to Bengaluru along with Shivakumar was also attacked by the assailants before they fled. Ishwar later informed the neighbours and police. A person who was hiding amid the shrubs was arrested on suspicion and  on the basis of his  revelations two more were arrested.

Investigations are underway.

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Comments on this Article
Mithun Ravish, Kadeshwalya Thu, November-24-2016, 11:32
Why did he keep the so much valuables at his his instead of bank. Dood ka dood Paani ka paani
Preetham Pinto, Goa Thu, November-24-2016, 11:27
Three are arrested so the fact will be revealed soon any way wherever the accused may go but cannot do anything with such huge cash as there is limit for every transaction. Demonetization effect
Kiran Chowta, Mumbai Thu, November-24-2016, 11:23
this may be the work of some known persons who were aware of his departure to Bengaluru. What was the one hiding in bushes doing , Is it waiting for police?
Suraksha S, Kushalnagar Thu, November-24-2016, 11:20
Oh god still the robbers dare to steal what will they do with the old notes , efforts in vain but be in jail soon
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