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Over Rs 5.80 cr cash seized by police

Press Trust of India  |  Hyderabad 

: 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 " racket" in 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 routewere arrested, Police V Ravinder said.

While the Commissioner, quoting a preliminary probe, mentioned the names of some TDP and 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 (East) and Rs 2.3 crore to Konda Murali (husband of Konda Surekha, candidate from Parkal), the said.

Jain had left from 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 and TPCC 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."

When contacted, Nama Seethaiah, brother of Nama Nageswar Rao said "We are no way connected with the seizure and we are not aware of any illegal cash.

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

First Published: Tue, December 04 2018. 21:05 IST