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The culprit entered the house of Chandran (53), who teaches karate in a school, on Saturday night and snatched a gold chain from his wife while she was asleep, the police said.
The woman raised an alarm and the thief ran away with the chain, they said.
Chandran woke up on hearing the commotion and gave chase, but the culprit escaped.
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In the meantime, the thief escaped with the chain, they added.