A debt-ridden couple, killed their septugenerian neighbour in a bid to steal and sell her gold jewellery in Bhiwandi, and disposed off her body in a lake last month, police said on Tuesday.

The accused couple, identified as Somnath Wakade, a driver and his wife Neelam, an anganwadi teacher, were reeling under debts worth Rs 2.5 lakh after purchasing a two-storey house, a car, an iPhone and an air conditioner, The Indian Express reported.