Hyderabad industrialist killed by grandson

In Telangana, 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. 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. 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.
as per information, 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.
Following the murder, Teja threatened the security guard who witnessed the murder and fled the scene. He was later arrested, produced in court and sent to judicial custody. Police said the probe is on. Some reports have said Teja was under the influence of drugs.
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. Rao was also known for philanthropy and had made huge donations to the Government General Hospital in Eluru and the Tirumala Tirupati Devasthanam.