India News | Illegal Hawala Money Racket Busted in Hyderabad, Two Held

Hyderabad (Telangana) [India], October 30 (ANI): Telangana Police on Friday busted an illegal hawala money racket near Kutbiguda in the limits of Sultan Bazar Police Station and apprehended two persons.

The sleuths of Commissioner's Task Force, North Zone Team seized a two-wheeler and Rs 31,26,100 in cash from the possession of the duo.

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According to police, the accused have been identified as Manish Toshniwal and Vishnu Biradar, residents of Rajasthan and Hyderabad.

"On credible information, the sleuths of Commissioner's Task Force, North Zone Team along with Police Sultan Bazar busted an illegal Hawala Money racket near Kutbiguda and apprehended two accused persons. Police also seized Rs 31,26,100 and two-wheeler from their possession," police said.

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According to police, on October 29, North Zone Task Force team laid a trap after learning that the accused persons were transporting huge unaccounted amount on their two-wheeler to customers.

During interrogation, Toshniwal and Biradar failed to produce proper documents/supportive evidence regarding the amount.

"The apprehended accused along with seized Hawala cash one scooty were handed over to SHO, Sultan Bazar Police Station for further investigation," police said. (ANI)

(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)