India, Nov. 13 -- A former engineering college assistant professor was arrested for allegedly murdering his neighbour during an attempt to steal her gold jewellery after she recognised him at her residence under Meerpet police station limits.

The accused, Gadda Rajkumar, was taken into custody by the Meerpet police during the investigation and reportedly confessed to the crime during questioning.

According to the police, Rajkumar had suffered losses of nearly Rs 4 crore in the stock market and accumulated substantial debts. He allegedly planned to steal the jewellery of his neighbour, Anitha (34), who lived on a lower floor of the same apartment building, to repay his loans.

He entered Anitha's house wearing a helmet when she was alone...