Telangana police seize Rs 4.92 cr unaccounted cash

A huge amount of cash meant for distribution in the Lok Sabha polls during the first phase has been confiscated by the Telangana police in the last two days. The police also arrested six people for transporting the unaccounted money in huge denominations.

Disclosing this at a press conference here City Police Commissioner Anjani Kumar said that Rs 4.92 crore unaccounted cash was seized fewer than eight police station limits. Task Force officers from West, North and Central Zones participated in this operation. Persons were arrested from Panjagutta, Malakpet and Banjara Hills police station limits.

Police during a raid in an apartment in Somajiguda, arrested M Satwik Reddy and Sourav Goyal, both businessmen from Rajendra Nagar, for having an amount of Rs 26.19 lakh of unaccounted money. Also on a tip-off, North Zone Task Force team intercepted a car near Moosarambagh and took into custody T Kasinath Reddy, a businessman Bhukya Ravi, driver of that car. They were carrying Rs 34.30 lakh cash. The money the CP said was meant for distribution at the Malkajigiri constituency.

On Sunday, the West Zone Task Force team apprehended one Mallareddy Srinivas, for transporting Rs 1 crore illegally. As the accused failed to corroborate the source of the cash police took him into custody. Police seized the cash and car and handed them over to the Income Tax Department for further investigation.

Meanwhile, the Central Zone Task Force team along with the local police intercepted one car near Basavatarakam Cancer Hospital at Road No 10 in Banjara Hills and apprehended one person B Seenaiah, a driver who was carrying Rs 1 crore. The driver upon investigation revealed that the money was meant for Nalgonda constituency.

According to a statement the police also seized unaccounted money during their checking at Panjagutta (Rs 26 lakh), Osmania University police station (Rs 47.75 lakh), Golconda (Rs 2 lakh), SR Nagar (Rs 3.65 lakh), Jubilee Hills (Rs 1.49 crore) and in Tappachabutra police station limits Rs (4 lakh), totaling Rs 4.92 crore cash.