A 29-year-old man in India's Hyderabad was arrested for stabbing his 86-year-old grandfather to death over a property dispute, local police said. The grandfather, identified as Velamati Chandrasekhara Janardhana Rao, was an industrialist and philanthropist. He was Chairman and Managing Director of the 460-crore Veljan Group of Companies. 

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Media reports have claimed that the grandson, Kilaru Keerthi Teja, stabbed his grandfather over 70 times after a heated argument over property distribution on Thursday night. Police said that there were multiple stab wounds and a post-mortem examination (PME) report will confirm the exact number of wounds. 

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Accused's mother injured 

Local police said that the mother of the accused, Sarojini Devi, sustained injuries as he attacked her when she was trying to intervene. She was admitted to a hospital. 

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Officials have said that the incident happened when Teja and his mother visited Rao’s house in Somajiguda. He reportedly engaged in a fiery argument with his grandfather regarding the distribution of property when his mother stepped away to get coffee. 

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After an initial investigation, police said that Teja accused his grandfather of "refusing" to share the property with him. He then pulled out a knife and "attacked" his grandfather. He also said that Rao neglected him throughout his childhood. He stabbed Rao with a knife he brought with him. 

Teja fled the crime scene. He was later arrested on Saturday, police said. 

(With inputs from agencies)