Illegal hawala racket busted, 3 accused arrested

Hyderabad: The Commissioner’s Task Force, Central Zone Team busted an illegal Hawala Money Transfer Racket on Tuesday and apprehended three accused and seized an amount of Rs.70,63,000/-, one Royal Enfiled Vehicle, One Hero Mastro Vehicle and Three Mobile Phones from their possession.

The accused persons are Katragadda Naresh @ Naresh, age: 35 years, Occ: Dairy Business M/s Dwaraka Dairy, R/o Bhagyanagar Colony, Kukatpally; Kasim Mohammed Raza @ K.M. Raza, age: 44 years, Occ: Manager C/o AGS Security Services -Begumpet, R/o Ravindernagar Colony, Street No. 8, Habsiguda; and Hyder Raza @ Hyder age: 43 years, Occ; Office Boy C/o AGS Security Services- Begumpet, resident of near Yakuthpura Post Office.

On reliable information under the supervision of Dy. Commissioner of Police, Commissioner’s Task Force Team kept surveillance over the movements and identified the Hawala Money Collection & Transportation at Sravana Narsingh Home line, Opp. Baba Tent House, Malakunta, and apprehended the three accused, who are in possession of Huge unaccounted money of Indian currency which was kept in two bags and trying to transport the amount on two-wheelers.
The apprehended accused persons along with seized material were handed over to SHO Begumbazar PS, for further investigation.