Hyderabad: The Sleuths of Commissioner’s Task Force, North Zone Team busted an illegal Hawala Money Transfer Racket operating from Flat No: 30, 3rd Floor, Mahalaxmi Gems & Jeweller Mall, Chirag Ali Lane, Abids, Hyderabad and arrested Six accused persons and seized Rs.1,40,80,000/- (One Crore Forty Lakhs Eighty Thousand Rupees) along with one Currency Counting Machine, 6 Mobile Phones and 2 Motor Cycles from the possession of accused.
The accused persons are 1. Jayesh Kumar Patel @ Atul, 2. Vanrajsinh Bhamarsinh Chauhan @ Vanraj, 3. Patel Pradeep Kumar @ Jayanti bhai, 4. Ganesh Satyanarayan Saboo, 5. Bonaboina Vigneshwar, 6. Arun Kumar Dadhichi. The Material seized from the accused persons 1. Rs.1,40,80,000/- (One Crore Forty Lakhs Eighty Thousand Rupees), 2. Cash Counting Machine – 1, 3. Mobile Phones – 6, 4. Two Wheeler Vehicles – 2.
The Jayesh Kumar Patel @ Atul is a native of Gujarat who migrated to Hyderabad in the year 2009 and has been residing at Abids, Hyderabad along with his family members. Earlier, he was into the Diamonds and Gold ornaments business at Abids, Hyderabad. During the course of time, he came across several Hawala Money Transfer Agents in India and developed contacts. As he found the illegal business of Hawala much profitable, he established a Hawala Money Transfer Office situated at Flat No. 30, 3rd Floor, Mahalaxmi Gems & Jeweller Mall, Chirag Ali Lane, Abids by hiring few employees. Since then, he has been organizing illegal Hawala money transfer business clandestinely and supplying money on commission basis at the rate of 0.6% to 0.8% to the needy.
The prime accused Jayesh Kumar Patel developed contacts with other illegal Hawala Brokers across India, particularly in Metropolitan Cities and used to communicate with others through Whatsapp by maintaining a code of identification with unique currency serial number on One Hundred Rupee Note, Fifty Rupee Note etc.
Earlier, a case was booked in the month of May-2014 against the accused Jayesh Kumar Patel by the Income Tax Department. The North Zone Task Force Team kept surveillance over their movements and identified the Hawala Money Collection Agents. On interception of Honda Activa bearing No.: AP 09 CM 1406 belonging to Bonaboina Vigneshwar, a bag with an amount of Rs. 65,00,000/- unaccounted money of Indian currency was found in his possession. On enquiry, he confessed that he was going to deliver the said amount to M/s Scan Energy & Power Limited, Road No.:7, Banjara Hills. The said money was seized from the possession of accused. While the search was in progress, another Honda Activa bearing No: AP 10 AW 6367 belonging to Ganesh Satyanarayan Saboo was identified and on interception a bag containing Rs.10,00,000/- unaccounted money of Indian Currency was found. On enquiry, he confessed that he was proceeding to deliver the money to M/s Rayalaseema Steel Re-Rolling Mills Pvt Ltd, Abids, Hyderabad. The said amount was also seized from the possession of accused.
Further search was conducted at the office of Jayesh Kumar Patel @ Atul situated at Flat No.30, 3rd Floor, Mahalaxmi Gems & Jeweller Mall, Chirag Ali Lane, Abids and Rs.18,45,000/- in Indian Currency was found along with a Currency counting machine. Jayesh Kumar Patel @ Atul along with his two employees Vanrajsinh Bhamarsinh Chauhan @ Vanraj and Patel Pradeep Kumar @ Jayanti Bhai were present at the office.
Depending on the confession of the prime accused Jayesh Kumar Patel, search was conducted at M/s Scan Energy & Power Ltd, situated at Road No. 7, Banjara Hills and Rs.47,35,000/- was seized from the possession of Arun Kumar Dadhichi, Chief Financial Officer of Scan Energy & Power Ltd, which was delivered to him by the prime accused.
The apprehended accused persons along with seized material are being handed over to Income Tax Department, for further investigation.
