Hyderabad: Four held with Rs 1 crore alleged hawala money

HYDERABAD: Four persons who were allegedly transporting Rs 1.01 crore at Somajiguda were nabbed by Task Force sleuths on Tuesday night.
Task Force police said that dry fruit commission agent Jitender Nath, a Carpenter Suresh Sharma, Accountants Lakshmi Narayana Hema Sundaram and Bala Krishna were nabbed when the cash was being exchanged.
Police said that surveillance was kept over the movements of few suspects and during this effort they intercepted two bikes near by the office of RTO office Khairathabad. Police found two bags in the possession of these four suspects. When the bags were verified, police found Rs 1.01 crores alleged unaccounted money.
"On enquiry, Jitendar Nath confessed that he was delivering the said amount to Sundaram and Krishna of CR Associates, Potladurthy, Kadapa as per the instructions of Managing Director of CR Associates, Charan Tej Naidu, to provide the salaries to his company labour," Hyderabad police said in a press note.
Officials said that Jitender used to collect the alleged hawala money from various persons with the help of Suresh Sharma, on the instructions of Jitender’s elder brother, who resides in New Delhi, and send the money to various places.