Hyderabad: Bowenpally police seize Rs 4 crore hawala cash near Shamirpet

Bowenpally Police seized Rs 4 crore in hawala money near Shamirpet on Hyderabad’s Outer Ring Road. The cash, hidden under car seats and tyre compartments, was being moved from Mumbai and Gujarat. Suspects have been detained for questioning to trace the network.

Hyderabad: The Bowenpally police on Friday reportedly seized a huge haul of ‘hawala’ money valued in crores near the Outer Ring Road in Shamirpet, on the outskirts.

As per information available, the police officials who had earlier arrested three persons involved in supplying hawala funds and had been keeping surveillance on their network for the past few months.

---

Based on credible information that nearly Rs 4 crore was being moved from Mumbai and Gujarat, police teams kept a close watch near the Medchal Outer Ring Road.

During the operation, a car was intercepted at Shamirpet, where officers reportedly had discovered large bundles of cash concealed under the seats and inside the tyre compartments. It is learnt that in total, Rs 4 crore in unaccounted hawala cash was recovered.

The Bowenpally Police detained the suspects for questioning to identify the broader network and financial channels involved.