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Karimnagar Police Arrest Three in Alleged ₹4.14 Crore Insurance-Murder Plot

Police cite crushing debts as the motive for a killing disguised as a road accident.

Overview

  • Authorities identified the accused as Mamidi Naresh, 30, Namundla Rakesh, 28, and Munigala Pradeep, 29, and the victim as Naresh’s elder brother, Mamidi Venkatesh, 37, whom police described as having low mental maturity.
  • Investigators allege Naresh purchased multiple life insurance policies totaling ₹4.14 crore to clear roughly ₹1.50 crore in debt and have a ₹20 lakh gold loan waived.
  • Police say the killing was executed on November 29 by luring Venkatesh under a tipper truck on the pretext of fixing a jack and then running him over to mimic a traffic accident near a petrol pump in Ramadagu mandal.
  • A minor family member’s account reportedly contradicted the accident narrative, prompting the victim’s grandfather to file a complaint that triggered the investigation.
  • Ramadagu police say they recovered a phone video of conspiracy discussions along with insurance and bank documents, and after scene examination and interrogation the three suspects were remanded with the case under active investigation.