Police seize Rs 70 lakh hawala cash, one held

The accused Chandrakanth Varma (33) told police that he was carrying the cash as per the instructions of his employer K Chandraprakash.

Published: 17th March 2019 10:21 AM  |   Last Updated: 17th March 2019 10:21 AM   |  A+A-

Rachakonda Commissioner Mahesh Bhagwat with the seized cash amounting to `70 lakh, in Hyderabad on Saturday | Express

By Express News Service

HYDERABAD:  As part of checking flow of unaccounted cash for the upcoming Lok Sabha elections, Rachakonda police seized `70 lakh hawala cash concealed in a specially designed jacket, that was being transported into the city from Chhattisgarh.  One person working for a diamond jewellery store was arrested and the cash was handed over to Income Tax department for further investigation.  

The accused Chandrakanth Varma (33) told police that he was carrying the cash as per the instructions of his employer K Chandraprakash.  Two days ago, Hyderabad police seized `90 lakh unaccounted cash from traders at four different locations in the city. According to police, Chandrakanth Varma is working in a jewellery shop at Jubilee Hills as marketing agent.  

Ten days ago, he brought `33 lakh from Sunil Soni of Raipur and handed over to his owner Chandraprakash.  On Thursday, he again went to Raipur and collected `70 lakh from Sunil Soni.  He concealed the amount in a specially designed jacket and started back to the city. Meanwhile, on Saturday, LB Nagar Special Operations Team was conducting vehicle checks at RK Puram crossroads, intercepted an auto in which Chandrakanth was travelling and found unaccounted cash.

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  • Rocky

    Firstly I wanted to thank Special operation team for catching the person and I request them go to deep search and catch hold of master mind of this so that we can get the exact picture of amount which is hawala. The agent is saying that he has done on the basis of jewellery shop owner. So request SOT to ride all his showrooms
    1 month ago reply
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