Nagpur: The sleuths of city Crime Branch rounded up three persons in Sadar area and seized cash of 45 lakh from their possession. Cops suspect that the money is of ‘hawala’ transaction.
As the police could not get any satisfactory explanation about the source of money from the arrested persons, they have handed over the probe to the Income Tax department.
The Crime Branch got a tip that hawala transactions is being operated at Jal Complex on Residency road. Acting on it, a team of policemen led by police inspector P M Sanap raided the first floor of Jal Complex at 2.30 pm on Sunday.
The cops found bundles of currency notes in possession of the accused namely Nilesh Jain, Santosh Sanodia, both residents of Nagpur and Prashant Pogalwar, a resident of Pandharkawda, Yavatmal. The total cash amounted to 45,07,480.
When questioned as to where this cash has been brought, for whom and for what purpose it is meant, the accused were unable to provide any answers.
The cops then called up the officials of the Income Tax department and handed over the accused to them.
