Three unidentified persons waylaid S.M. Khadeer, owner of SMR Jewellers, in a bylane on way to his house in Rayachoti town,A.P.India on Friday night and relieved him of a bag containing gold jewellery worth Rs. 40 lakh.
Khadeer closed his showroom and was going home on a motorcycle when the culprits aged between 25 and 30 years beat him with sticks, snatched away a bag containing 4kg. of gold ornaments from him and fled, according to Rayachoti Urban Circle Inspector Ramaraju