1.47 crore, USD 34,000 seized in Andhra Pradesh's Vijayawada; 4 held

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According to police, both the accused were transporting the money on the instruction of their shop owner. It was being illegally transported from Narasapuram town of West Godavari district to Hyderabad.

 

Vijayawada Police on Tuesday arrested two people and seized Rs 1.47 crores Indian Currency and USD 34,000 from their possession at Gollapudi in Andhra Pradesh's Vijayawada.

It was being illegally transported from Narasapuram town of West Godavari district to Hyderabad.

According to the report from the police officials, the accused have been identified as Ch Anand Rao and Ch Haribabu. They have been working in a Devi Jewellery Mart, in Narasapuram, owned by Praveen Kumar Jain, who is suspected to have arranged the cash and dollars.

Police are also interrogating two persons named Valluri Shivanath and Praveen Kumar Jain, natives of Narsapuram, over their alleged involvement in the case.

Disclosing this to reporters, Police Commissioner B. Srinivasulu said that the CTF team led by Additional Deputy Commissioner of Police (ADCP) K.V. Srinivas Rao, along with his team intercepted a car at Gollapudi, under Bhavanipuram police station limits.

"We intercepted a vehicle at Gollapudi area, on searching, boxes fitted behind the seat containing hawala money of Rs 1.47 crores Indian Currency and USD 34,000 has been seized”, Vijayawada Police Commissioner B Srinivasulu said. 

As per the report, police  checked the vehicle and found the cash and the American dollars concealed in a box. The suspects were unable to show any bills for the seized cash and the dollars

During investigation, it was revealed that Ananda Rao and Hari Babu were transporting the money on the instruction of their shop owner Praveen Kumar Jain.

The accused also to collect some more amounts from four more persons in Vijayawada and take the total amount to his brother Keerti Jain, who is running a jewellery business in Hyderabad.

According to the report from the police officials, the taskforce police handed over the detained persons to Bhavanipuram Police Station cops. 

The information is given to Income Tax and Enforcement Directorate officials for further action. 

 

Image credit: ANI
 

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