VIJAYAWADA: Officials of the commissioner’s task force (CTF) on Saturday busted yet another hawala racket under Bhavanipuram police station limits and seized Rs 35 lakh unaccounted for cash from three persons.
Additional deputy commissioner of police of CTF, KV Srinivasa Rao, said the police received credible intelligence input that the three accused — Ravi Venkata Narayana (40) from Vijayawada, Satyendra Singh Rajput (34) from Rajasthan and Tellakula Satyanarayana from Guntur district — were involved in illegal money transaction. A trap was laid in this regard.
When the prime accused, Venkata Narayana, was showing the code given by Satyendra Singh and handing over cash to Satyanarayana, CTF police rushed to the spot and apprehended them. “When they sought bills for the money, the accused gave evasive answers. One motorcycle and three mobile phones were seized from their possession,” Rao said.
Cops said they will inform the income tax and enforcement directorate to take up the investigation. While hawala rackets have been a recurring offence in Hyderabad, officials say it’s a new trend to find them operating in Andhra Pradesh.