Telangana: Rs 2.5 crore hawala money seized, three held in Jubilee Hills

HYDERABAD: The West Zone Task Force seized Rs 2.5 crore hawala money and took three persons into custody in Jubilee Hills on Saturday night. The three accused were identified as Botchu Ramu, a resident of Hyderabad who is working as a Manager with Bengaluru-based Boyance Infrastructure Private Limited, and Sudhir Kumar Ishwarlal Patel and Ashok Singh, both residents of Begum Bazar. They were later handed over to Jubilee Hills police.

Acting on a tip-off, the Task Force personnel intercepted a four-wheeler at Bharatiya Vidhya Bhavan in Jubilee Hills and found that they were transporting `2.49 crore unaccounted cash. When questioned, Patel and Ashok Singh revealed that they were directed by a hawala operator, Lalith to receive cash from Ramu. 

“Ramu was questioned and he disclosed that under instructions from Pola Satyanarayana, who is currently in Delhi, he received cash from an unknown person at Road No 75,  Film Nagar, Jubilee Hills by showing a `10 note bearing number 49B 847015. Later, he delivered the same cash to Sudhir Kumar Ishwarlal Patel and Ashok Singh,” police said. Police are now on the lookout for Lalith and Pola Satyanarayana.