Hyderabad: Four persons held for allegedly possessing demonetized currency notes of Rs. 1000 and Rs. 500. They were apprehended by the Commissioner’s Task Force.
According to the report published in DC, accused are Bingi Vasu (40), Naidu Nagaraju (36), Chella Srinivas (40) and Mudigonda Balakrishna (39). Bingi Vasu who operates a business of Real Estate and Travels in Uppal received a large amount of payments from his customers before demonetization. However, he failed to deposit the amount fearing IT.
Since then he was making attempts to exchange the demonetized currency. He came in contact with Chella Srinivas, Mudigonda Balakrishna and Naidu Nagaraju clerk in SBI administrative branch at Patny, Secunderabad and sought their help.