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Hawala racket busted in city, Rs 72.73 lakh seized

Press Trust of India  |  Hyderabad 

An illegal transfer operating from area here was today by police who apprehended four people and seized Rs 72.73 lakh from them.

Acting on information, police apprehended Lal Chand Pandia, organiser and two collection agents and a and seized the cash from them.

During questioning, they confessed to indulging in transfer business and supplying on commission basis to and other places, a police release said.

The four people and the seized material were handed over to the for further investigation, the release added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, August 08 2018. 20:05 IST