Grandson Stabs Industrialist 73 Times Over Property Row, Attacks Mother Too | Read

An altercation over property prompted a 28-year-old man to stab his industrialist grandfather to death in Hyderabad, police have said. VC Janardhan Rao was Chairman and Managing Director of the 460-crore Veljan Group of Companies which deals in hydraulics equipment, shipbuilding, energy and industrial applications.

Keerthi Teja, who has been arrested on the charge of murdering his 86-year-old grandfather, had returned from the US after a postgraduate course. On Thursday night, he and his mother Sarojini Devi visited his grandfather's home in Hyderabad. As Teja spoke to his grandfather, his mother went to the kitchen to make tea. The argument broke out over a director position in the company. Mr Rao had recently appointed his eldest daughter's son Srikrishna as director of Veljan Group. He had transferred shares worth Rs 4 crore to Teja, the son of his second daughter Sarojini.