A probationary police sub inspector (PSI) and his assistant police constable are among the four persons recently arrested by the Central Crime Branch (CCB) for allegedly kidnapping the 27-year-old director of a private company to extort cryptocurrency worth ₹1.5 crore and cash from him this July.
The accused Siddarooda, a probationary PSI working in Madiwala station, constable Allabaksh, and Home Guard Rajkishore had allegedly kidnapped V.S. Karthik at the behest of his business partner Vamshi Krishna and forced him to transfer cryptocurrency and cash to their associate online.
The accused further demanded more money, following which Karthik took them to his relative’s house in Pillanna Garden to get cash worth ₹60 lakh. However, sensing trouble, his relative alerted the police and the accused left Karthik and sped away.
