Five held for illegal money transfer

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Hyderabad, Apr 30 (UNI) The city police today apprehended five people for carrying out illegal money transfer and seized Rs 25 lakh from their possession.

According to a release here, Dinesh, hailing from Gujarat, indulged in illegal money transfer in Mumbai, Gujarat and Hyderabad and charged Rs 300 per Rs one lakh from the customers as commission.

As per the instructions of Dinesh, the other accused Ramesh Patel, Pankaj Patel, Harish Patel and Sunil Sheth were carrying out illegal money transactions, popularly known as 'hundi business'. It was suspected that the customers were utilising their services to facilitate delivery of black money.

The accused were handed over to the Income Tax department for further investigation, the release added.


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