Hyderabad: Hawala racket busted, Rs 40L recovered

Hyderabad: A hawala racket was busted by the task force along with Sultan Bazaar police who recovered cash worth Rs 40 lakh and a mobile phone from the accused on Friday.

The accused Nanda Kishore Jaju, 45 an employee of a private firm in Banjara Hills was caught red-handed at Troop Bazaar during a vehicle check drive, taken up by the police in view of the forthcoming MLC elections.

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He was apprehended for failing to provide documents to explain the cash he was carrying in a bag.

The suspect along with the cash was handed over to the Information Department officials for further investigation.