Hyderabad tycoon stabbed 70 times by grandson over property dispute, dies
A Hyderabad-based 86-year-old industrialist, Velamati Chandrasekhara Janardhana Rao was stabbed to death at his residence by his grandson allegedly over property distribution, police said on Monday.
The incident reportedly followed a heated argument. The 29-year-old grandson, Kilaru Keerthi Teja, allegedly confronted Rao, the chairman of Veljan Group, claiming unfair asset distribution. Reports claimed that Teja was given Rs 4 crore as his share of the ancestral property.
The dispute escalated quickly, and he stabbed his grandfather 70 times. During the altercation, Teja’s mother, Sarojini Devi, tried to intervene but sustained injuries. She was rushed to a hospital and is currently receiving treatment.
Teja had recently returned to Hyderabad after completing his master’s degree in the United States and was visiting Rao’s residence with his mother when the dispute and attack occurred.
Teja has been arrested, and further investigation is underway.
Janardhana Rao was a well-known industrialist and philanthropist, with contributions spanning multiple sectors, including shipbuilding, energy, and industrial applications.
