Hyderabad cops seize Rs 5 cr suspected Hawala money


Hyderabad: The city police has busted an alleged illegal money transfer racket and seized Rs five crore, according to an official release on Tuesday.

Acting on a tip-off, sleuths of the Commissioner’s Task Force, West Zone Team, on Monday night apprehended seven persons, all natives of Gujarat near Jubilee Hills Check post, here for carrying out he alleged illegal money transfer, it said.

A senior police official said the money will be handed over to the Income Tax Department for verification, and an investigation is underway. (PTI)