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: In a significant breakthrough, the Bowenpally Police has nabbed the prime suspect in a year-old cash–RTGS cheating case and seized a massive Rs 4.05 crore in ‘hawala’ money during a coordinated operation carried out on Friday.

According to the police, a complaint was lodged by Vishwanath Chary of Nagole in December 2024 alleging that he and his friends had handed over Rs 50 lakh in cash to one Mohd Subhan Pasha for a cash-to-RTGS exchange deal that promised Rs 60 lakh via RTGS transfer. However, the promised transfer never happened, and the cash was not returned, prompting the police case.

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The police who were investigating the case, acting on a tip-off, nabbed and detained Prakash Motibhai Prajapathi and his associate Pragnesh Keerthi Bai Prajapathi (28) at Addakal in Mahabubnagar District, while they were travelling in a car.

During interrogation, Prakash allegedly admitted to duping the victims of Rs 50 lakh and revealed his role in transporting ‘hawala’ money from Nagpur to Bengaluru, stacked in the car.

A total of Rs 4.05 crore in unaccounted cash was recovered and is now under verification to establish its source and possible illegal financial links.

The police requested citizens to beware of ‘easy money’ schemes, particularly cash–RTGS exchange traps and report any suspicious financial activity or hawala movement to the nearest police station..