The Commissioner’s Task Force in coordination the Central Zone Police on Tuesday busted a Hawala racket at Himayath Nagar and arrested three persons. The accused have been identified as Manne Srinivas, C. Vishwanath Chetty, K. Phani Kumar Raju. The police seized cash worth Rs. 1, 27,00,000 along with a two-wheeler Active.
The Police, however, stopped one accused K. Phani Kumar at Himayath Nagar; while vehicle checking drive and found a bag containing huge amount.
During the interrogation, the accused Phani Kumar confessed that he works as collection agent for Manne Srinivas, who received Rs. 70 lakh and remaining amount was received from another person C. Vishwanath Chetty. The accused reportedly was on the way to hand over the amount to an unknown customer but was caught by the police.
When the other accused Manne Srinivas and C. Vishwanath Chetty failed to disclose the details about the money then police arrested them and seized the cash Rs 1.27 lakh and a two-wheeler from their possession.