Slowdown-hit MBAs caught for robberies | delhi | Hindustan Times
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Slowdown-hit MBAs caught for robberies

The economic slowdown may have been over, but it forced some educated men with postgraduate degrees to take to robberies. HT reports.

delhi Updated: Jan 22, 2011 23:42 IST

The economic slowdown may have been over, but it forced some educated men with postgraduate degrees to take to robberies. At least, the Delhi Police believe so.

On Friday, the south Delhi police arrested seven men from Malviya Nagar area on charges of robbing an NRI in East of Kailash.

Police said the accused took to crime for different reasons. One wanted money as he lost his lucrative job due to the slowdown, his MBA friend wanted to fly to US to meet his girlfriend and another working in a industrial group wanted a fatter purse to entertain his wife and girlfriend.

The accused have been identified as Naved Khan (30), a post-graduate in Economics from Rohilkhand University, Mohd Savez (21), an MBA from Amity University, Kuldeep Tomar (28), a post-graduate in Economics, Ravi Kumar (27), Rahul Pawar (20), Gagan Deep (24), and Neeraj (22).

On January 19, the accused barged into the house of Gurmukh Singh, an NRI, in East of Kailash and ransacked the house.

They forced Singh to sign cheques and did not leave the house until one of their accomplices had encashed it from bank. “They encashed one of the “self cheques” worth R30,000 from his bank through one of their associates, while others remained present at the house and held him hostage until the cheque was encashed,” HGS Dhaliwal, Deputy Commissioner of Police (South), said. A US-made pistol, a revolver along with four live cartridges, two robbed cars, two motorcycles, a mobile, a laptop, two golden rings and cash were recovered from them.

Khan, the gang leader, was working in various MNCs for the past 10 years in Delhi as an executive. He had to go for a salary cut and then eventually was thrown out of the job during recession.

“When he was working in an MNC, he entered into a live-in relationship with a colleague. To earn more money and to clear his debts, he started committing robberies and car jackings with his associates,” Dhaliwal said.

Savez’s father is working in the British High Commission. He is unemployed and wanted to visit his girlfriend, who is presently settled in Virginia. "He was earlier arrested in a robbery case in which he and his associates robbed R1 lakh from an executive of the Oxygen Company,” he said.

After completing his MA in Economics, Tomar was doing an MBA in retail management. His wife works as a teacher in a government school.

“Tomar’s father owns two public schools in Baraut. He has been working with the ESSAR group as a regional sales manager in Delhi for the past three years, but his salary wasn’t enough for his lifestyle. Kumar, whose father runs a general store in Sangam Vihar, worked in many recovery agencies with Khan as a field officer.