‘Money launderers saw post lockdown as huge opportunity to pump in unaccounted money’
Coimbatore District police formally referred the Hawala money seizure case to the Enforcement Directorate and Income Tax department for further investigation.
In continuation to the raids in the city, Hyderabad Task Force sleuths on Friday arrested two persons for transporting `30 lakh in unaccounted cash.
When the prime accused Venkata Narayana was showing the code given by Satyendra Singh and handing over the cash to Satyanarayana, the CTF sleuths rushed to the spot.
A few days ago, Task Force sleuths arrested four persons at Banjara Hills while the accused were travelling in two cars, with the cash in their possession.
Eshwar Dileepji Solanki and Harish Ram Bhai Patel came to Hyderabad in a Mahindra Scorpio, to collect cash from Dinesh and Giri.
Police arrested four persons and seized a Maruti Swift bearing registration number AP37BW 4532 used for transporting cash.
42-year-old Charlie Peng and some of his alleged associates, including Indians, and bankers were raided by the Income Tax Department on August 12.
The Vellappally family instead accused Mahesan of stealing `13 crore.
According to ED, the accused persons have indulged in money laundering by investing unaccounted money in gold smuggling.
Describing Energy Minister Balineni Srinivasa Reddy as the mastermind behind the ‘hawala transactions’, TDP supremo N Chandrababu Naidu on Tuesday demanded his ouster from the State Cabinet.
Bathery SHO G Pushpakumar under the guidance of District Police Chief R Ilango.
Khwaja, 57, was arrested in 2006 by the special cell of Delhi Police from the Lodhi Road area with over 2 kgs of RDX explosive and Rs 49 lakh in cash.
When questioned, he reportedly told the Task Force that he was sent to Vizag by his shop owner.
Nazim was arrested after police recovered Rs 75 lakh cash from his car during checking on Monday, SSP Abhishek Yadav said.