The Kovvur police on Friday arrested an assistant in a finance company for allegedly stealing gold value Rs.1.2 crore in Kovvur city in East Godavari district. The accused has been recognized as S. Ramu, 45, belongs to Sitanagaram space. The gold belongs to the shoppers who mortgaged to the finance company for private loans.
Mr. Ramu has been an assistant in Santhilal Jain finance unit in Kovvur for eight years. On April 1, Mr. Ramu ran away with 3000 grams of gold value Rs.1.2 crore whereas the proprietor, Kitesh Kumar, was absent as a result of sickness. In a press convention right here on Friday, Kovvur DSP V.S.N. Varma has mentioned; “Mr. Ramu has been arrested and 1389 grams of gold has been recovered from him. A case has been registered”. The investigation is on. EOM
