Gujarat based Hawala racket busted by Hyderabad Police

Hyderabad, 2 July, 2014

Four persons from Gujarat are detained by police in Hyderabad with over Rs. one crore cash. According to Hyderabad police four from Gujarat and two others are detained for their involvement in hawala racket.

On a tip-off, the Commissioner’s Task Force North Inspector A.P. Anand Kumar and his team intercepted a car on Tuesday at Hyderguda and found Rs. 1.90 crore cash inside it. The passengers were identified as Patel Jitender Kumar, 42, Patel Narendra, 38, Patel Dinesh, 32, Patel Alkesh, 32, Mohd. Rafi, 44 and Imranuddin, 28. They failed to reveal source of money, and during further grilling admitted that they were part of the hawala racket being operated by a person called Vijay Bhai of Gujarat.

Barring Rafi of Karnataka, the four were from Gujarat. Imranuddin is a history-sheeter of Bahadurpura police station. Patel Narendra and Patel Dinesh were earlier caught in a similar case in Shahinayatgunj police station area. They are facing charges in that case too.

Hyderabad police seized Rs. 1.90 crore. Seized amount would be handed over to Income Tax officials concerned for further action and probe. Along with cash, a Maruti Swift car and six mobile phones were seized.

Vijay Bhai of Gujarat, the main person behind this hawala racket is still at large, Hyderabad Additional Police Commissioner Anjani Kumar said at a press conference.

“We’re not yet sure how and from where the money was procured and to whom it was to be delivered. These points are being investigated into,” Mr. Kumar said.

“They are using serial numbers of a Rs.10 notes as code to receive or deliver cash,” TF Additional DCP N. Koti Reddy said.