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The accused Prasanna (31), a resident of Mysuru district, murdered Jagadish (42), a resident of Arakalagud taluk.
Both worked from the rickshaw stand at Piriyapatna-Ramanathapura.
When Prasanna realised that Jagadish was charging less fare from passengers resulting in him getting fewer passengers he allegedly hatched the conspiracy to kill Jagadish.
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Prasanna was arrested by police on Saturday.