Three persons were arrested and 151 gm gold, 2,500 gm silver ornaments and some foreign currency were recovered from them by the Three Town police on Wednesday.
A five-member gang burgled the flat of M. Bhanoji Rao at Sea Shells Apartments at Daspalla hills and stole around 160 gm gold, 2,500 gm silver and some other valuables on January 18 this year.
During the course of investigation, the police arrested one T. Sateesh and a few others. Sateesh confessed to have committed the burglary at Sea Shells Apartment along with T. Praveen Kumar (25), V. Raju (37), P. Ramesh (24) and Ravi. Nothing could be recovered from Sateesh.
Police Commissioner B. Shivadhar Reddy said that Praveen Kumar of Yarada, a B. Sc graduate, and his friend P. Ramesh hired a flat at Sea Shells Apartment to commit burglaries.
Praveen Kumar and Ramesh with the help of their friends Raju, Ravi and Sateesh entered the flat number 107 of Bhanoji Rao by removing the window grill of the flat and stole valuables.
Mr. Shivadhar Reddy said that Praveen Kumar, who was plunged into debt, decided to commit property offences to lead a lavish life.
The police arrested Praveen Kumar, Raju and Ramesh and are on the lookout for Ravi.