Balanagar Police Nab Duo For ₹4 Lakh Office Theft, Recover Valuables
December 11, 2025
Balanagar police arrested two men for stealing ₹4 lakh from Liftstrade Private Limited's office in IDA Balanagar. The accused are Gonigunta Vamsi Krishna, 32, a cab driver, and Matta Bharath Rajiv Gandhi, 23, a bike mechanic, both from Allwyn Colony, Andhra Pradesh. The theft was reported on December 2 by complainant Challa Venkata Avinash after finding the office glass door open in the morning. The security guard had locked the area at 9:30 p.m. the previous night. Upon inspection, ₹4 lakh was found missing from the accounts section. Police recovered ₹2,27,000 cash, the stolen bike, a smartwatch, two pairs of silver bangles with gold coating, a rolled-gold necklace, a rolled-gold waist belt, two mobile phones, car keys, and two iron rods. These arrests also led to uncovering six other related cases registered across Balanagar, Jagadgirigutta, KPHB, and Miyapur police stations. Investigation continues.
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Tags:
Theft
Balanagar Police
Arrest
Liftstrade Private Limited
Recovered Items
Andhra pradesh
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