Unidentified thieves decamped with gold and diamond jewellery valued at around Rs 3 crore from the house of a businessman near Enugu Chettu behind Tata buildings here, said police.
The occupants of the house had gone to Tirupati and returned this evening, said police.
A case in this regard has been filed with the Ongole 1 town police.
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When Koteswara Rao returned this evening, he found his house broken and valuables missing from the safe vault, said police.
Senior police officials rushed to the spot on being informed about the theft.
Initial investigations have revealed that the thieves entered the house through backdoor by breaking open the mosquito mesh and opening the lock of the iron gate, said police.
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