A farmer misplaced Rs 92 lakh that he had acquired as compensation for the land acquired by the federal government as his son gambled away the cash in an internet on line casino.
The stunning incident has come to mild in Telangana’s Rangareddy district close to Hyderabad.
The household of Srinivas Reddy has been actually diminished to penury after his youthful son misplaced your entire cash whereas enjoying on-line video games on his cell phone.
Srinivas Reddy’s 10 acres of land in Sitarampur of Shahbad mandal was lately acquired by the federal government for Telangana State Industrial Infrastructure Company (TSIIC). He acquired a compensation of Rs 1.05 crore on the fee of Rs 10.5 lakh per acre.
With this cash, he wished to purchase half acre land at Mallapur in Shamshabad mandal on the outskirts of Hyderabad. He had entered into an settlement for Rs 70 lakh and paid Rs 20 lakh as advance. Out of the remaining Rs 85 lakh, Srinivas Reddy deposited Rs 42.5 lakh in his checking account and the remaining within the account of his spouse Vijayalaxmi.
The couple’s youthful Harshvardhan Reddy, a primary yr diploma pupil at Hyderabad’s Nizam Faculty, transferred the cash from his father’s account to his account and advised him that he would pay it to the land proprietor. The 19-year-old advised the identical to her mom and made her withdraw the cash from her account.
The teenager, who had turn into hooked on enjoying on-line video games, began placing within the cash in installments on on-line casinos. In just a few weeks, he misplaced your entire cash.
When his dad and mom enquired in regards to the cash, he admitted to playing it away. The couple and their elder son Sirpal Reddy, a B Tech pupil, have been shell-shocked.
Harshvardhan Reddy additionally reportedly borrowed Rs 7 lakh from some folks within the village for playing.
Srinivas Reddy has approached cybercrime police of the Cyberabad police commissionerate with a request to assist them in getting again the cash, which was the one supply of assist to the household.