Three persons, including an MBA student, were on Friday arrested in connection with a dacoity incident, police said.
The three persons allegedly looted a house at Basudev Nagar in Berhampur.
They entered the residence of one Simanchal Padhy identifying themselves as census employees and looted some gold ornaments and a mobile set on May 5 last.
The mobile phone, some gold ornaments that were looted from the house and a knife were seized from their possession, the police said.
A second year MBA student from a local institute was one of the arrested persons, police said. The other two were a tea shop owner and a labourer.
The police claimed that all of them had confessed about their involvement.
Police said about 30 to 40 percent of looted gold ornament was seized from them.
MBA Wiki
The Master of Business Administration (MBA) is a master’s degree in business administration, which attracts people from a wide range of academic disciplines. The MBA designation originated in the United States, emerging from the late 19th century as the country industrialized and companies sought out scientific approaches to management. The core courses in the MBA program are designed to introduce students to the various areas of business such as accounting, marketing, human resources, operations management, etc. Students in some MBA programs have the option to select an area of concentration and focus approximately one-third of their studies in this area.