Goud was arrested soon after he was discharged from a private hospital where he was receiving treatment for bullet wounds from the incident, police said.
"He was today arrested and produced before a court," Deputy Commissioner of Police (West Zone) A Venkateshwar Rao told PTI.
The episode took a bizarre turn when it was alleged that Goud, the son of former Andhra Pradesh minister Mukesh Goud, staged the attack on himself to gain people's sympathy and manage a ticket for the 2019 assembly elections.
From being a 'victim', the 35-year-old Telangana Youth Congress leader has now become the prime accused in the firing incident.
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The young politician plotted the "murder attempt" on himself to gain sympathy of the voters of an assembly constituency from where he was planning to contest the next elections, Police Commissioner M Mahendar Reddy has said.
Goud hired members of a criminal gang and offered them Rs 50 lakh for executing the plan, Reddy has said.
"As per the plan, Kumar and the other accused procured a country-made weapon from Madhya Pradesh. On Goud's instructions, two of them, Raees Khan and Shaik Ahmed, reached his house in the early hours of July 28. Khan fired two rounds at Goud's hands before fleeing with Ahmed," Reddy has said.
Goud, who has invested a lot of money in mining in Odisha and other businesses, is under heavy debt. The quantum of his debt is being ascertained, the Hyderabad Police chief has said.
Police have registered a case against Goud and others under IPC sections related to criminal conspiracy, voluntarily causing grievous hurt by dangerous weapons or means, causing disappearance of evidence of offence and giving false information regarding an offence committed, among others.
They have also been booked under relevant sections of the Arms Act.