Man held with hawala money in Vizag

By Author  |  Published: 28th Jun 2020  6:14 pmUpdated: 29th Jun 2020  6:30 am

Visakhapatnam: Police on Sunday took into custody a person and seized from him Rs.50.38 lakh cash which was unaccounted for.

Grandhi Narasimha Rao of Narsapuram in West Godavari district was seen moving suspiciously at the RTC city bus stand and City Task Force police who questioned him were told that he was taking the cash from the city with him to Narsapuram. He told them he was working with Jayadevi Jewellers there and his proprietor Praveen Kumar Jain had sent him here.

Police who examined his mobile phone, found some secret code and suspect that it could be black money sent through hawala channel. A case is registered and investigation is on.