Rs 1.5 crore 'hawala' money seized in Hyderabad

The East Zone Task Force of the Hyderabad Police busted an illegal money transfer racket and arrested five people in connection with the case. They seized Rs 1.5 crore unaccounted cash.

Hyderabad:A 'hawala' (illegal money transfer) racket has been busted with police seizing Rs 1.5 one crore and arresting five people here.

The East Zone Task Force unearthed the racket on Friday following a tip, Hyderabad Police Commissioner Anjani Kumar informed, adding that the money will now be handed over to the Income Tax Department.

In another case, two drug peddlers were arrested and some quantities of banned substances seized, an official release said.

The South Zone Task force seized five grams of heroin, 28 stamps of LSDs, 32-ECSTASY (Amphetamine Drug), three kg ganja and two cell phones.

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