Originally hailing from Makloor, Prasad had relocated to Machareddy village, where he lived with his family. Prasad’s family residence in Makloor was under the care of his close friend, Prashant, the main accused, who got the house registered under his name by deceitful means. According to sources, Prashant had said that he would pay Prasad Rs 26 lakh by taking a loan from the bank if the latter would get the house registered in the former’s name. While the registration went through, the bank denied the loan request.
