Hawala Money Seized, 2 Held

Published: 16th January 2015 06:01 AM  |   Last Updated: 16th January 2015 06:01 AM   |  A+A-

BENGALURU: Central Crime Branch (CCB) police on Thursday arrested two men for being involved in hawala transactions and recovered Rs.9.95 lakh.

The arrested are Patel Khethan Kumar, a resident of Nagarathpeth and Umar Farooq, of Udayagiri in Mysuru.

Police said the accused were running a hawala business in Siddapura in the city they they were arrested following a tip off. “During the raid we found Rs.9.95 lakh that they had received through hawala transactions. They did not have a license to run a finance business nor did they maintain proper documents of their financial transactions,” said police.


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