Police seized Rs. 1.25 crore after conducting searches at the flat of an alleged hawala operator at Surabhi Arcade in Abids.

Ankith Jain, who hails from West Godavari district, and his worker Umakant, were detained and handed over to the Income-Tax Department along with the seized cash for further action, Commissioner’s Task Force Additional DCP P. Rameshaiah said.

Machines counting the currency notes, fake notes and slips of hawala transactions were also recovered from the flat.

Mr. Rameshaiah said that Jain had been operating the hawala racket – a system of transferring money from one person to the other illegally to evade tax -- in the city for a long time. He was receiving and sending money from different places, including Delhi and Mumbai.

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