Based on a tip-off, sleuths of Commissioner's Task Force (North Zone) busted the racket last night and nabbed six accused, including Shaik Mohammed Ashraf, a city-based accountant and Rajendra Kumar Ambalal, (hawala cash receiver) a native of Surat, from Narayanguda area here.
Ashraf was arrested when he was going to hand over the cash of Rs 84.75 lakh to Ambalal that was meant to be forwarded to hawala agent Laxman (absconding) for transferring the same to Dubai through hawala, police said today.
Efforts are on to nab the two absconding accused Shaikh and Laxman, police added.
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