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Severe financial crisis had driven 35- year-old M Mangamma into theft but by the time she was caught by the Cyberabad police last week, she had amassed assets worth over Rs 4 crore.
She had opened an unauthorised chit fund company through which she offered loans on interest, had purchased land and flats in Guntur, Vijayawada and Hyderabad and also opened five bank accounts which held `40 lakhs.
Mangamma, home-maker- cum-thief, confessed to the police that she had committed over 100 thefts in her career.
The resident of Chandrayangutta and native of Tadepalli in Guntur district was produced before a magistrate and sent to the Chanchalguda central prison a couple of days ago.
During questioning, Mangamma said she was the leader of a five-member gang which committed thefts in congested localities, running buses and trains and houses.
Her husband Aadinarayana, son Manohar and her sister Prameela also helped her and egged her on.
“She used to commit thefts in the city and dispose of the property in Vijayawada. Similarly, when she snatched hand bags or stole in Guntur and Vijayawada, she got rid of the loot in the city. This was how she escaped police for this long,” police said.
The cash she made were invested in various ways and the rest she put away in her accounts in the Andhra Bank, ICICI bank and others. Police recovered 1 kg gold ornaments and cash worth Rs 2 lakh from her and freezed her accounts.
They are yet to be announce the value of the property she owned. Aadinarayana and Manohar are absconding. The Cyberabad police have formed various teams to arrest them. The police, however, are tightlipped about their details.
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