Hyderabad: Man held for illegal transfer of money
A man hailing from Rajasthan was arrested by the Rachakonda police on Thursday for involving in an illegal money transfer
A man hailing from Rajasthan was arrested by the Rachakonda police on Thursday for involving in an illegal money transfer.
According to police Brij Mohan Sharma who was working as a marketing agent had come across with some illegal money transferring agents. He later developed contacts with the businessmen in the city who transfers money for the customers avoiding transactions and receipts to evade tax. Sharma started working as an agent who would transfer to the customers on a commission basis. The businessman sends a code of identification with currency serial number to Sharma, who visits the customer and shows it to take the money.
The police on a tip-off intercepted his car at Vanasthalipuram and recovered Rs 6.5 lakh money which he was carrying to hand over to a customer. The police seized the cash and a bike.
Sharma was earlier arrested by the Chaitanyapuri police in a similar case