Over Rs 5.80 cr cash seized by police

Image
Press Trust of India Hyderabad
Last Updated : Dec 04 2018 | 9:05 PM IST

: In yet another major cash seizure ahead of the December 7 assembly elections in Telangana,police Tuesday seized overRs 5.80 crore after busting a "hawala racket" in Warangal district and claimed that the amount was meant for delivery to some political leaders.

The amount of Rs 5.80 crore was recovered from a car during a check by police at Pembarti check post and three persons in the vehicle, including a man named Kirti Kumar Jain, who supplies cash through the hawala routewere arrested, Warangal Police Commissioner V Ravinder said.

While the Commissioner, quoting a preliminary probe, mentioned the names of some TDP and Congress candidates, the parties denied any involvement with the seizure.

In view of the elections, some people had contacted him (accused). During preliminary investigation it was found that Rs 1.55 crore was supposed to be handed over to Nama Nageshwar Rao (TDP's Khammam candidate), Rs two crore toV Ravichandra (Congress Warangal East) and Rs 2.3 crore to Konda Murali (husband of Konda Surekha, Congress candidate from Parkal), the Commissioner said.

Jain had left from Hyderabad along with the cash,he said.

Along with him, two more people, both drivers, were taken into custody, he added.

Reacting to the seizures, senior Congress leader and TPCC treasurer G Narayana Reddy said "the cash does not belong to us. Our party transfers the necessary amounts to contesting candidates through RTGS (Real Time Gross Settlement only."

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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: Dec 04 2018 | 9:05 PM IST

Next Story