VIJAYAWADA: Karanam Rahul, the 30-year-old businessman who was found dead under suspicious circumstances inside his car on Thursday, was strangulated and smothered to death using a rope and a pillow, police said on Friday.
According to Penamaluru police, Rahul, the managing director of ZXN cylinders pvt ltd, had financial differences with his business partner Korada Vijay Kumar for the past year. Differences between the two aggravated after the company suffered substantial losses due to the lockdown. Cops said Vijay allegedly spent the company’s money to contest the 2019 general elections without Rahul’s consent, and ended up losing even his deposit amount.
After his electoral defeat, Vijay sought his investment amount back, to which Rahul refused, citing that his unilateral decisions caused losses to the company.
Vijay developed a grudge against Rahul and decided to kill him, cops said. Police suspect the involvement of three other persons in the crime.
