Nampally robbery case: Five arrested, Rs 11.5 lakh recovered from Rs 25 lakh loot

Hyderabad: Nampally police arrested five persons in a Rs 25 lakh robbery case involving prospective cryptocurrency buyers and recovered Rs 11.5 lakh in cash. The arrests took place on Saturday, October 17, following an investigation into the October 11 incident near Himalayan Hotel in Bazarghat.

According to police, the accused allegedly offered to help the victims convert Indian currency into USDT cryptocurrency. However, the proposed transaction allegedly turned into a robbery when the suspects used pepper spray against the victims. The gang then fled with Rs 25 lakh in cash from an office where the meeting had taken place.

Nampally robbery case: Police recovered cash and mobile phones

Police arrested five accused on October 17 and seized Rs 11.5 lakh in cash and three mobile phones. Investigators recovered Rs 4 lakh from Syed Ajaz and Rs 5.5 lakh from Syed Zakariya Ahmed.

Additionally, police recovered Rs 1 lakh from Sumair Khan and Rs 50,000 each from Guglavath Vijesh Kumar and MD Faraz Hussain. The total cash recovery amounted to Rs 11.5 lakh, while the remaining stolen money had not been reported as recovered.

Police said the accused allegedly performed different roles in planning and carrying out the robbery. These included identifying prospective cryptocurrency buyers, coordinating the meeting and arranging access to the office premises.

Investigators also alleged that pepper spray was used during the incident to overpower the victims before the suspects escaped with the cash. Police said three other suspects remained absconding in connection with the Nampally robbery case.

They identified two of the suspects as Hameed, also known as SD Bhai, and Faisal. However, police did not disclose the third suspect’s identity in the information provided. Meanwhile, police continued efforts to trace the absconding suspects and investigate their alleged involvement in the robbery.

The Khairatabad Zone Deputy Commissioner of Police appreciated the Nampally police team for detecting the case. The DCP also commended the officers for arresting five accused and recovering a substantial portion of the stolen cash. Further investigation into the robbery remained in progress.