Business Standard

Rs 5 cr suspected Hawala money seized in Hyderabad, 7 held


Press Trust of India Hyderabad
An alleged illegal money transfer racket was busted and seven people arrested here, police said.
Cash to the tune of Rs five crore was also seized from them, they said.
Acting on a tip-off, sleuths of the Commissioner's Task Force, West Zone Team, on Monday night apprehended seven people from Gujarat near Jubilee Hills check post, here for carrying out he alleged illegal money transfer, an official release said.
A senior police official said the money would be handed over to the Income Tax Department for verification.
Investigation was underway.

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First Published: Aug 28 2019 | 10:40 AM IST

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