Rs 7.5 crore seized as Hyderabad police bust hawala racket, four arrested

Rs 7.5 crore seized as Hyderabad police bust hawala racket, four arrested All are residents of the town. Speaking to newsmen, Anjani Kumar stated: "This cash became delivered from other States and abroad thru hawala channels illegally for use in coming near near Assembly Elections in Telangana. The quantities had been transferred on-line into the accounts of Shell Companies of hawala operators. To facilitate this, hawala operators are giving fake files to open such bank accounts and cheating the banks and the authorities. Some greater key persons Jayesh Patel, Shailesh, Kishan Lal Chand and Vidya Sagar are absconding,'' the police commissioner said. The police have also informed the problem to the Enforcement Directorate and the Income Tax Department as a way to observe the trail of economic transactions. The seized quantity changed into handed over to the I-T branch for taking further action. The city police have registered instances under Section 171-B (Bribery), 468 (Forgery for purpose of cheating), 471 (Using as actual a forged record or electronic report), 420 (cheating) study with a hundred and twenty -B (Criminal Conspiracy) of IPC. Rs five.Sixty nine lakh seized at Abdullapurmet Hyderabad: Over Rs 5 lakh of unaccounted coins changed into seized on the Vijayawada Hyderabad motorway at Abdullapurmet of Rachakonda Commissionerate on Thursday. Police declare the cash turned into being transported to metropolis by means of a businessman from Nalgonda. The car became intercepted while accomplishing vehicle checking operations close to Kothagudem test post. Rs 1.5 lakh seized and returned to proprietor Nagarkurnool: The ECI officials on Thursday seized Rs 1,forty nine,500 from one Kethavath Raju throughout seek operations held in the Nagarkurnool Assembly constituency. According to an reputable, they later again the quantity to Raju as he had stored the cash to shop for gold for his daughter's wedding ceremony. The declare become reportedly verified through the officials. Dailyhunt https://in.usgbc.org/people/zeem-seems/0011281980