One held, Rs nine lakh seized

Written by:
Subscribe to Oneindia News

Hyderabad, Jun 10 (UNI) The sleuths of Commissioner's Task Force of Central Zone team apprehended one person from Uttar Pradesh on the charge of carrying out illegal money transfer and seized an amount of Rs nine lakh from him possession in the city today.

Police said, on receiving information, the special team arrested Haribansh Singh and seized the money.

The modus operandi was that one person CL Jha of Bihar, whose was running an office in Chennai with branches at Hyderabad, Kolkata, Kanpur, Vijayawada, Vishakapatnam, Rajahmundry, Mumbai and Delhi, was running illegal money transfer business. He charged Rs 300 per one lakh Rupee transacted, police added.

As per Mr Jha's instructions, Singh was carrying out illegal money transfer transactions in Hyderabad, by contacting customers over phone and he was paid a monthly salary.

Police suspected that the customers were utilising their services to facilitate the delivery of black money.

Since January 2008, the Task Force Police had apprehended 14 persons for transfering illegal money and seized Rs 86.04 lakh from their possession and handed it over to the Income Tax Department.


Please Wait while comments are loading...