Man held for stabbing friend over Rs. 33,000 dispute in Hyderabad

A man was arrested by Kanchanbagh police for allegedly stabbing his friend over a Rs. 33,000 loan dispute in Hyderabad. The accused, who runs a petty business near Charminar, attacked the victim after calling him to Hafeezbabanagar

Hyderabad: The Kanchanbagh police arrested a person for allegedly stabbing a man with a knife following a dispute over Rs. 33,000 on Sunday.

The arrested person, Taher Bin Abdullah Barawar Ahmed (20), earns his livelihood by doing petty business on the footpath at Charminar.

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According to the police, the suspect had been a friend of the victim, Shaik Saif, for several years. In December last year, Taher took a hand loan of Rs. 33,000 from Saif for business purposes. After repaying Rs. 10,000, he failed to return the remaining amount.

On Sunday, the suspect called Saif to a place in Hafeezbabanagar on the pretext of discussing the issue and stabbed him repeatedly with a knife, said ACP Kanchanbagh A Sudhakar.

Taher fled from the spot but was caught and arrested by the police on Monday.