The city police on Friday arrested two persons on the charge of involving in five house-breaking offences in the city. The police recovered Rs1.7 lakh in cash, 60 gm of gold ornaments, a laptop and a motorbike from them.
The arrested were identified as Kolli Jaganmohan Rao (30) and P. Murali (27).
DCP (crimes) T. Ravi Kumar Murthy told newsmen here on Friday that Jaganmohan Rao was an under-graduate and a native of Vizianagaram who shifted to Hyderabad.
He took to property offences in Hyderabad in 2012 to fund his lavish lifestyle.
He was arrested previously and was released from Chanchalaguda prison on bail on October 7, 2015. He thereafter moved to Visakhapatnam city.
He took a house on rent at NAD Kotharoad area in the city and befriended Murali and committed five burglaries in the city in the last few weeks.
He also pledged some stolen gold ornaments with a gold finance firm in the name of Murali, according to the DCP.