Hawala crackdown: In four days Hyderabad police seize Rs 1.97 crore
By Newsmeter Network Published on 2 Nov 2020 7:14 AM GMT
Hyderabad: Hyderabad police launched a massive crackdown against hawala operators and seized Rs 1.97 crore in different operations from October 29 to November 1. Eight accused were also arrested in the raids.
Police sources said a big portion of the hawala money was to be used for buying votes in the Dubbaka by-election. Some of the illegal money was to be invested in the real estate business.
On November 1, police seized Rs 1 crore linked to Dubbaka by-election. Police arrested Surabhi Srinivas Rao, brother-in-law of BJP contestant from Dubbaka M Raghunandan Rao.
Police said that the cash was seized near Begumpet flyover while it was being transported for distribution to the voters. They also arrested the driver, T. Ravi Kumar, 33, for illegally transporting the money.
According to the task force, accused Surabhi Srinivas Rao is a native of Siddipet town but lives in Hyderabad. For the past 10 years he has been running the firm `A to Z Solutions Limited' located in Patancheru.
Police found that Srinivas had collected the cash from the office of Visakha Industries, Begumpet, and it was to be delivered to Dubbaka where it would be distributed to voters.
Srinivas told the cops that a manager of Visakha Industries Limited, which is owned by the ex-MP of Pedappally G. Vivek Venkata Swamy, handed over the cash to him.
Srinivas Rao was handed over to SHO of Begumpet police station for further investigation.
On October 30, Hyderabad police busted an illegal hawala racket and recovered over Rs 16.69 lakh unaccounted cash. Police also arrested three persons.
Based on credible information, the Hyderabad Police Task Force, North Zone, along with Mahankali police intercepted a Honda Activa near City Light Hotel, Secunderabad,
During the search, they recovered huge unaccounted cash. Police arrested two Hawala operators and a receiver. The trio was identified as Nayi Lalitkumar Chunilal, 53, Ashok Singh, 36, and Nareddy Laxmikanth Reddy, 41.
According to the police, Nayi Lalitkumar Chunilal, who is from Gujarat, migrated to Hyderabad six years ago to carry out hawala business with Ashok. Both are residing in the limits of Begum Bazar. Their area of operation includes Hyderabad and neighboring states.
The modus operandi included transporting hawala money from one place to another on a 5 percent commission.
During questioning, they did not give a satisfactory answer or produce proper documents.
On October 30, Hyderabad police busted an illegal hawala racket and arrested two persons. Police also seized over Rs. 31 lakh unaccounted cash.
Based on credible information, the inspector of the task force, north zone, along with Sultan Bazar police busted the illegal racket near Kutbiguda. Besides Rs. 31,26,100 cash, they also seized a Honda Activa. The two arrested persons have been identified as Manish Toshniwal, 32, and his associate Vishnu Biradar, 21.
According to the police, Manish, who is from Rajasthan, was running the hawala business. He was involved in transporting hawala money from one place to another.
On October 29, the duo was transporting a huge amount of unaccounted cash to a customer when they were apprehended. They were unable to provide satisfying answers and failed to produce proper documents and supporting evidence.
The duo was handed over to the SHO, Sultan Bazar, for further investigation.
On October 29, Hyderabad Police busted an illegal Hawala racket and recovered Rs 50 lakh unaccountable cash from a Ford Endeavour near Fathemaidan Club Outgate, LB Stadium in Sahibabad Police Station limits.
Police also arrested Abbagonolla Avinash Goud, 36, who was shipping the cash. An MBA, he was born and brought up in Hyderabad. Previously he was running `Bar & Restaurant' business in Madhapur. He is now running a real estate business in Hyderabad and the Coimbatore district in Tamil Nadu.
Preliminary investigation reveals that he borrowed Rs 50 lakh from Ramesh of Chittoor district in Andhra Pradesh.
Ramesh transferred the money through a hawala channel using a unique code. Abbagonolla Avinash received the cash near Karachi Bakery, MJ Market with an intention to transport it to Tamil Nadu for investing in the real estate business.
Besides Rs. 50 lakh cash, a car, and an iPhone were also seized. The accused was handed over to SHO, Saifabad Police Station for further investigation.
Police sources said a big portion of the hawala money was to be used for buying votes in the Dubbaka by-election. Some of the illegal money was to be invested in the real estate business.
On November 1, police seized Rs 1 crore linked to Dubbaka by-election. Police arrested Surabhi Srinivas Rao, brother-in-law of BJP contestant from Dubbaka M Raghunandan Rao.
Police said that the cash was seized near Begumpet flyover while it was being transported for distribution to the voters. They also arrested the driver, T. Ravi Kumar, 33, for illegally transporting the money.
According to the task force, accused Surabhi Srinivas Rao is a native of Siddipet town but lives in Hyderabad. For the past 10 years he has been running the firm `A to Z Solutions Limited' located in Patancheru.
Police found that Srinivas had collected the cash from the office of Visakha Industries, Begumpet, and it was to be delivered to Dubbaka where it would be distributed to voters.
Srinivas told the cops that a manager of Visakha Industries Limited, which is owned by the ex-MP of Pedappally G. Vivek Venkata Swamy, handed over the cash to him.
Srinivas Rao was handed over to SHO of Begumpet police station for further investigation.
On October 30, Hyderabad police busted an illegal hawala racket and recovered over Rs 16.69 lakh unaccounted cash. Police also arrested three persons.
Based on credible information, the Hyderabad Police Task Force, North Zone, along with Mahankali police intercepted a Honda Activa near City Light Hotel, Secunderabad,
During the search, they recovered huge unaccounted cash. Police arrested two Hawala operators and a receiver. The trio was identified as Nayi Lalitkumar Chunilal, 53, Ashok Singh, 36, and Nareddy Laxmikanth Reddy, 41.
According to the police, Nayi Lalitkumar Chunilal, who is from Gujarat, migrated to Hyderabad six years ago to carry out hawala business with Ashok. Both are residing in the limits of Begum Bazar. Their area of operation includes Hyderabad and neighboring states.
The modus operandi included transporting hawala money from one place to another on a 5 percent commission.
During questioning, they did not give a satisfactory answer or produce proper documents.
On October 30, Hyderabad police busted an illegal hawala racket and arrested two persons. Police also seized over Rs. 31 lakh unaccounted cash.
Based on credible information, the inspector of the task force, north zone, along with Sultan Bazar police busted the illegal racket near Kutbiguda. Besides Rs. 31,26,100 cash, they also seized a Honda Activa. The two arrested persons have been identified as Manish Toshniwal, 32, and his associate Vishnu Biradar, 21.
According to the police, Manish, who is from Rajasthan, was running the hawala business. He was involved in transporting hawala money from one place to another.
On October 29, the duo was transporting a huge amount of unaccounted cash to a customer when they were apprehended. They were unable to provide satisfying answers and failed to produce proper documents and supporting evidence.
The duo was handed over to the SHO, Sultan Bazar, for further investigation.
On October 29, Hyderabad Police busted an illegal Hawala racket and recovered Rs 50 lakh unaccountable cash from a Ford Endeavour near Fathemaidan Club Outgate, LB Stadium in Sahibabad Police Station limits.
Police also arrested Abbagonolla Avinash Goud, 36, who was shipping the cash. An MBA, he was born and brought up in Hyderabad. Previously he was running `Bar & Restaurant' business in Madhapur. He is now running a real estate business in Hyderabad and the Coimbatore district in Tamil Nadu.
Preliminary investigation reveals that he borrowed Rs 50 lakh from Ramesh of Chittoor district in Andhra Pradesh.
Ramesh transferred the money through a hawala channel using a unique code. Abbagonolla Avinash received the cash near Karachi Bakery, MJ Market with an intention to transport it to Tamil Nadu for investing in the real estate business.
Besides Rs. 50 lakh cash, a car, and an iPhone were also seized. The accused was handed over to SHO, Saifabad Police Station for further investigation.
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