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Ananda Kumar from Terakanambi village in Gundlupet taluk is the convicted man.
The murder incident occurred on February 13, 2016.
Kumar had taken a loan of Rs 10,000 from Ramachandra, who also live in the same village.
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On another day, when Ratnamma was walking by a temple in the village, Kumar approached her on his cycle and attacked her with a long knife.
Ratnamma was immediately rushed to Mysuru’s KR Hospital where she died.