Three persons were arrested by the Central Crime Branch (CCB) police in Bangalore on Thursday for their alleged role in hawala transactions across the country. A total cash amount of Rs 39.5 lakh has been seized from them.
The Deputy Commissioner of Police (Crime) Abhishek Goyal said that arrests were done after raids on business establishments run by the accused at Nagarathpet in Central Bangalore. The accused have been identified as Sathish Kumar Patel, 32, Mithun, 28 and Jitendra, 31, all residents of Nagarathpet and natives of Mehsana in Gujarat.
Police said that they carried out a search on the business premises of the accused after they received credible information about illegal money transactions. The raids were conducted on the Patel Rajendra Kumar Manganlal Co and the Maruthi and Maruthi firm on MM Lane in Nagarathpet.
“We have seized Rs 39.5 lakh cash, three mobile phones, documents related to the hawala business and money counting machines,” the CCB police said.
Abhishek Goyal said that the preliminary investigations had revealed that both firms were branches of main establishments situated in Ahmedabad.
“The accused run businesses across the nation. Most of the documents related to their business is maintained in the Gujarati language and verifications are going on. Their daily transactions in their business is in the range of Rs 15 to Rs 20 lakh,” Goyal said.
A case has been registered under various sections of the Criminal Procedure Code and Prevention of Money Laundering Act 2002 at the Ulsoor Gate police station.
The CCB police team had detected a similar case on March 25 by arresting three hawala operators along with a Ghana national. Dinesh Bai Patel, 43, Vipul Kumar Patel, 24 and Mahesh Kumar Patel, 32, all three residents of MM Lane in Nagarathpet are the accused persons in that case. They were running Patel Manilal Maganlal and Sons, a firm dealing in Hawala money. An amount of Rs 10 lakh was seized at the time. Police said they were yet to ascertain if the two gangs busted over the past three months in Nagarathpet were linked to each other.