Preliminary investigation revealed that fraudulent transactions totaling Rs 23 crore had been routed through accounts created and managed by the suspects
The accused - Dolluru Sailu, Ligannagari Narayana Murthy Goud and Ashok Goud, who were in the toddy business in Gummadidala, allegedly purchased the banned drug from an unidentified person
The arrested Mohammed Sabuddin (27), Mohammed Irfan (21) and Mohammed Anwar Hussain (20), all residents of Musheerabad, formed into a gang and were actively involved in stealing the bikes
The police said that the suspects were running wholesale business at Begum Bazaar and got in touch with persons who supplied the duplicate goods to them