News/City Updates

Hawala racket busted in Visakhapatnam, 50 lakh rupees recovered

The Visakhapatnam Task Force, on Saturday night, busted a hawala racket and arrested one person from the city’s Dwaraka Bus station. The police received a tip-off from onlookers when they found a suspicious man at the bus stop with a package. Preliminary investigations by the Task Force revealed that the accused, identified as Grandhi Narasimha Rao, is a native of Narsapuram. He had, in possession, with him liquid cash worth Rs 50.38 lakh. The accused failed to produce any receipts or documents validating the large sum of money in his possession, further raising suspicions that the amount was being siphoned in a racket.

The Task Force team, led by ACP Trinadh, identified that the person in question was employed as a clerk in a jewellery shop at Narasapuram, West Godavari district. Narsimha Rao stated that he had no idea about what the money was for. Further, he stated that his employer sent him to Vizag from Narsapuram. Initial investigations revealed that the accused in hawala racket travelled to Visakhapatnam for a secret money transfer. Narsimha Rao was caught on his way back to his hometown at Vizag’s RTC complex after he collected the money.

When the accused failed to produce receipts, the police looked through his phone for possible clues and call records. They then found a secret code in the accused’s phone records that was to be used in the racket.

The Visakhapatnam police are currently investigating the business links between the jewellery store owner in Narsapuram and his contacts in Visakhapatnam. The large sum of money was recovered by the police and handed over to Two Town police for further investigations. A case under Sections 41 and 102 of IPC was registered against the accused, who is currently in police custody.

Share
Leave a Comment

Recent Posts

Rushikonda buildings: Chandrababu Naidu hits out at Jagan

Chief Minister N Chandrababu Naidu has come down heavily on former Chief Minister Y S…

6 hours ago

Roads in State will be pothole-free by Sankranti: CM

Chief Minister N Chandrababu Naidu has said all roads in the Andhra Pradesh state should…

6 hours ago

5 reasons why you should watch Bhool Bhulaiyaa 3 now!

Kartik Aaryan's new horror-comedy, Bhool Bhulaiyaa 3, is the talk of the town, winning hearts…

7 hours ago

Bigg Boss Telugu 8: Nikhil’s Aggression Shocks The Audience!

Bigg Boss Telugu is a popular reality show with a huge viewership from all ages.…

11 hours ago

IT employee dies in road accident in Vizag

A youth died in a road accident near Panorama Hills in the limits of the…

11 hours ago

7 upcoming events in Visakhapatnam this November that are actually fun!

As we step into a new month, fresh possibilities and memories waiting to be made…

11 hours ago