Hawala racket cash seized after police raids courier service

Image
Press Trust of India Akola
Last Updated : May 13 2014 | 11:19 PM IST
A local police crime branch raided the office of Ashok Raj Angadia courier service in the old cloth market, in the heart of city and seized cash worth more than Rs 27.49 lakh which was meant for hawala racket transactions, official sources said here today.
The amount was seized along with currency counting machines as well as four cellular phones, sources said.
Soon after this raid, offices of other courier services downed shutter, even as the police team raided Indrapuri Services, but did not seize anything objectionable.
An investment office was also raided and cash worth Rs 18 lakh was seized, though it was returned to its owners after proofs were submitted to the police.
Detailed investigation of a person arrested during the raid would begin only after permission from Income Tax department is received, crime branch sources said.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 13 2014 | 11:19 PM IST

Next Story