Hawala Racket Busted: Duo Apprehended with Rs. 10 Lakhs Cash
Hyderabad, Nov 17 (Maxim News): The sleuths of Commissioner’s Task Force, Central Zone Team on credible information laid a trap near Goshamahal Ground, Towards MJ Market Road in the limits of Shahinayathgunj PS intercepted One Jupitar Vehicle on checking found unaccountable cash of about Rs. Ten Lakh in a bag, two mobile phones, when enquired about the cash they failed to produce relevant documents pertaining to the amount and apprehended two respondents, V. Chandrashekar @ Vinay, Age: 34 years, and Prabhakar, Age: 42 Yrs, both resident of Uppal,
According to Nitika Pant, Deputy Commissioner of Police, the respondent V. Chandrashekar is residing in the limits of IDA, Uppal, and managing partner in Sheper Paper Pvt. Ltd, IDA, Uppal, Medchal-Malkajgiri Dist, Telangana State. Prabhakar is a private employee the Sheper Paper Pvt. Ltd.
During the course of time, they have had contact with Hawala Money Transfer Agents and organized illegal Hawala money transfer businesses clandestinely on a commission basis to earn easy money illegally and to evade tax to the Income Tax Department.
As per their plan on 16-11-2023 in the night hours, they collected Ten lakh from a businessman in the limits of Begum Bazar in order to deliver the amount to customers in the limits of Shahinayathgunj while traveling on Jupiter vehicle with the amount meanwhile intercepted the vehicle and apprehended them. The respondents did not disclose the Cash Bills pertaining to the amount and source of the amount. Seized Unaccountable Hawala amount Rs.10,00,000/- along with Jupiter vehicle, two mobile phones from their possession.
The apprehended respondents along with seized material were handed over to SHO, Shahinayathgunj PS for further investigation. (Maxim News)
Next Story :
-
CV Anand Apologizes For Remarks Against National Media
![CV Anand Apologizes For Remarks Against National Media]()
Hyderabad, Dec 23 (Maxim News): Hyderabad Police Commissioner C.V. Anand has apologized. He posted a statement withdrawing his comments to the national media. He said that he lost patience when the national media asked questions about the Sandhya Theater incident.
-
Trade License Fee Should Be Collected By December 31: Commissioner Ilambarthi
![Trade License Fee Should Be Collected By December 31: Commissioner Ilambarthi]()
Hyderabad, Dec 23 (Maxim News): According to the property tax database in the Greater Hyderabad area, a total of 3,17,033 houses are in the non-residential area. However, only 1,09,702 people in the non-residential area have taken trade licenses and paid the fee as of December 19. He said that the remaining non-residential PTI numbers have not…
-
Allu Arjun’s House Attacked: Six Arrested
![Allu Arjun’s House Attacked: Six Arrested]()
Hyderabad: A group of miscreants, claiming to be associated with the Osmania University Joint Action Committee, attacked actor Allu Arjun’s residence, hurling tomatoes on Sunday. Flower pots inside the premises were damaged. The incident has left fans and the local community in shock. Six persons were arrested in connection with the incident.
-
Three-Day Regional Research Symposium On Project-Based Learning Concluded
![Three-Day Regional Research Symposium On Project-Based Learning Concluded]()
The three-day Regional Research Symposium on Project-Based Learning(RRSPBL) began at Anurag University, Venkatapur in the city on Saturday
Now you can get the latest stories from Indtoday on Telegram every day. Click the link to subscribe. Click to follow Indtoday’s Facebook page, Twitter and Instagram. For all the latest Hyderabad News updates
