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Hyderabad, City Police Commissioner V.V. Srinivas Rao, IPS, today said six accused were held in the Hawala money transfer racket busted by the North Zone Task Force Team.
Speaking to the media here on Monday, the Commissioner said on a tip-off North Zone Inspector Nageshwar Rao and his team raided Flat no. 30 at III at Mahalaxmi gems & Jewellers Mall situated at Chirag Ali lane, Abids and apprehended six accused and seized Rs 1.48 crore currency, a counting machine, six mobiles and two motorcycles from the accused.
The CP said principal accused Jayesh Kumar Patel of Gujrat had migrated to Hyderabad in 2009 and started diamond and gold business at Abids. In the meantime, Jayesh Kumar Patel came into contact with Hawala agents and brokers and started Hawala money transfer business at Flat no.30, Mahalaxmi Gems & Jewellery mall.
On receipt of the information, the North Zone Task Force personnel kept a vigil on the activities of the prime accused and raided his offices at Abids and Banjara Hills simultaneously and seized the amount and his five accomplices, who are identified as V.B. Chauhan Patel, Pradeep Kumar, Ganesh Satyanarayan Saboo, B.Vigneshwar and Arun Kumar.
The accused, along with the cash, were handed over to Income Tax officials. Police suspect the gang might have links with various agents, businessmen and firms at many cities in the country.
