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Task Force Police Bust Hawala Racket

Four people arrested and Rs 2.9 crore cash seized

Published: 14th November 2014 06:10 AM  |   Last Updated: 14th November 2014 06:10 AM   |  A+A-

DCP

HYDERABAD: The Task Force police on Thursday arrested four persons including representatives of Bhilai Engineering Corporation Pvt Ltd for transporting huge cash through hawala. Police seized Rs 2.9 crore cash from the arrested persons. Two more persons are absconding.

The arrested persons are-- Darshan Turkhiya (23), salesman at a jewellery shop in Kachiguda, Piyush Azmeera (51), owner of Rajwadi Bhog in Mumbai, Ramesh Chand Goyal (60), AGM of BEL, Chhattishgarh and Madhava Ram, general manager of BEL, Chhattishgarh.

Speaking to newsmen here on Thursday, the deputy commissioner of police, Task Force, B Limba Reddy said two of the accused  were arrested a few months ago while they were transporting Rs 8.5 crore. The case is still pending.

“On a tip off, the Task Force police detained a Volkswagen Vento vehicle in which Darshan and Piyush were travelling with Rs 89 lakh cash. Police seized the cash after they failed to show valid documents,” the DCP said.

During interrogation, Darshan and Piyush informed the police that they handed over Rs 1.2 crore to Ramesh Chand Goyal and Madhav Ram and they have done it through hawala. “Based on the information given by Darshan and Piyush, police raided Golconda hotel and arrested Ramesh Chand and Madhav Ram  and seized Rs 1.20 crore cash. Two other persons Prashant and Nishant opened offices in Mumbai and Delhi along with at Kachiguda by getting involved in the hawala business.

We will handover the cash to Income Tax department for further course of action,” Limba reddy said.

Earlier, the Special Operations Team sleuths of Cyberabad detained two buses that were coming from Bangalore to Shamshabad and recovered seven gunny bags containing Rs 8 crore. The cash was transported by the Darshan and Piyush.

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