Suspect Caught Moving ₹4.05 Crore in Hawala in Cheating Case
Hyderabad police have caught a suspect moving ₹4.05 crore in hawala transactions while investigating a major cheating case. The individual was being tracked for his alleged involvement in illegal money transfers and financial fraud schemes. Authorities said the seizure of such a large sum is a significant step in curbing unregulated and clandestine money circulation.
Officials revealed that the suspect was attempting to move the money through informal channels to evade detection by banks and regulatory authorities. The investigation is ongoing, with police examining connections to other individuals and groups potentially involved in similar hawala operations.
The police have also begun interrogating the suspect to trace the source and intended recipients of the funds, aiming to uncover larger networks of illegal financial activities. Authorities stressed that such operations not only violate financial laws but also pose risks to the economy. The case is expected to lead to further arrests and stricter monitoring of hawala activities in the region.
