Illegal money transfer racket busted

Hyderabad, Apr 23 (UNI) Task Force sleuths today unearthed an illegal money transfer racket with the arrest of two persons from Rajasthan and seized Rs nine lakh in cash from them.

Police said the arrested Bablu Sharma and Janesh Jaat were working under one Vishal from Mumbai, running the illegal money transfer business at various places. They were charging Rs 300 per one lakh from the customers.

They used to contact customers over phone for movement of black money, and then collect and deliver the money, for which they were paid a monthly salary, police said.

The accused were handed over to the Income Tax department for futher investigation.

Earlier, the police had arrested two similar gangs and seized Rs 22 lakh on March seven and Rs 24 lakh on March 26 this year.

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