US-Returned Grandson Stabs Industrialist 70 Times In Hyderabad, Attacks Mother Making Coffee

Hyderabad Businessman Murder: The grandson accused Rao of neglecting him since childhood. Teja lost his cool and allegedly stabbed Rao with a knife.

Teja also stabbed his mother when she tried to intervene.

Source : ABPLIVE AI

Hyderabad Businessman Murder: VC Janardhan Rao, the Chairman and Managing Director of Veljan Group of Companies, was allegedly murdered by his 28-year-old grandson after an altercation over property in Hyderabad. 

The grandson, Keerthi Teja, had returned from the US after a postgraduate course. He visited Rao, his maternal grandfather, along with his mother in Hyderabad on Thursday night. He was talking to his grandfather when an argument broke out over a director position in the firm, as per media reports. Rao had recently appointed his eldest daughter's son Srikrishna as director of Veljan Group and transferred shares Rs 4 crore to Teja.

Teja accused Rao of neglecting him since childhood. Teja lost his cool and allegedly stabbed Rao with a knife. Reports claimed the victim was stabbed over 70 times. Police stated that there were multiple stab wounds and that the exact number would be confirmed based on the post-mortem examination report.

Teja also stabbed his mother when she tried to intervene. She sustained injuries and was admitted to a hospital, Panjagutta police said, adding that he was subsequently arrested.

A case of murder was registered against the accused, police said, adding that further investigation is ongoing.

As per the company's website, Veljan was established in 1965 and has expertise in providing complete solutions for various applications, including shipbuilding, energy, mobile, and industrial segments.