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The arrested accused has been identified as Hamid Kunhimonu Zafar (48), a resident of Padangadi village in Belthangady.
On November 16, Rs 9 lakh was stolen from a wholesale flower shop in Nalapad Apsara Chambers building on KS Rao Road. In addition, a CCTV camera DVR was stolen.
Police officials investigating the case detained the accused Hamid at Jyoti Circle on January 14.
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Cops seized Rs 5.80 lakh from the accused.