Hyderabad, July 07: The sleuths of Commissioner’s Task Force West Zone Team apprehended three persons at Troopbazar, Hyderabad today for carrying out illegal money transfer.They also Seized net cash of Rs.20, 60,900/- from their possession.
According to the official sources Bharath Bhai B. Suthar,Mukund Kumar Ganda Bhai, Chandu Bhai all hailing from Gujarat state arte working in Bhavani Express Couriers at Flat No. 103, Pride Residency, Hanuman Tekdi,Hyderabad.
The three accused persons person belongs to Gujarat State and they are running the business of illegal money transfer in the name of Couriers styled as “Bhavani Express Couriers” Troop Bazar, Hyderabad. They transfer illegal money to various places like Mumbai, Gujarat, Hyderabad.The accused persons used to charge Rs.400/- per one lakh from the customers as their commission.
Further as per the instructions of their masters (Harshad and Rasiko of Gujarath State) the above persons are carrying out illegal money transfer transactions which is popularly known as “HUNDI BUSINESS” by contacting the customers over their phone and collecting, delivering the huge money from the customers for which they are paid monthly salary. It is suspected that the customers are utilising their services basically to facilitate the delivery of black money.
The Task force sleuths handed over the seized Indian Currency Rs.20.60 lakhs and the material was handed over to Deputy Director of Income Tax, Hyderabad for further investigation.
–Bureau Report Siasat News