World · South & Central Asia · 3 hrs ago
Seven arrested over alleged robbery attempt targeting businessman
Police arrested seven people over an alleged robbery attempt in Mudalagi, including a constable who had served as a gunman for former Minister Ramesh Jarkiholi.
Businessman Kalmesh Rangapur says the constable promised him a 30% return on investments, including ₹30,000 for every ₹1 lakh.
Rangapur gathered ₹2.68 crore from banks, cooperative societies, friends and relatives.
On October 30, he and his associates went to a shed to count the money, where a group attacked them and threw chilli powder in their eyes.
The group tried to escape with the money, but Rangapur’s team intervened, detained the accused and handed them to police.
Police seized ₹2.39 crore and suspect more people were involved; they have formed a team to arrest them and recover the missing funds.
Police in Karnataka arrested seven people over an alleged robbery attempt targeting businessman Kalmesh Rangapur.
The accused allegedly lured Rangapur to a shed in Mudalagi by promising a 30% return on investments.
A gang attacked Rangapur and his associates with chilli powder and tried to flee with the money, police said.
Police seized ₹2.39 crore from the accused and suspect others were involved.
- Who
- Seven people, including police constable Chidanand Kurabet, were arrested. The alleged victim is businessman Kalmesh Rangapur.
- What
- The seven are accused of attempting robbery and cheating Rangapur.
- When
- The incident occurred on October 30. The arrests were reported on November 9, 2026.
- Where
- At a shed in Mudalagi, Karnataka.
- Why
- Kurabet allegedly promised Rangapur a 30% return on investments and invited him to the shed to count currency.
This story does not have two clearly opposing sides.
A gang allegedly attacked Rangapur and his associates at a shed in Mudalagi and tried to flee with the money.
Police reported that seven people had been arrested and ₹2.39 crore seized.
- Arrests
- Seven people
- Victim
- Kalmesh Rangapur, a businessman
- Promised return
- 30% on investments
- Money seized
- ₹2.39 crore
- Incident date
- October 30