Man held in suspected money laundering racket

January 18, 2017 01:15 am | Updated 01:15 am IST - THIRUVANANTHAPURAM:

The City police have launched a probe into a possible money laundering racket following the arrest of a 55-year-old man on Tuesday who was found to be allegedly in possession of unaccounted money of ₹6 lakh. The police identified the accused as Abdul Rahmankutty of Koduvally in Kozhikode. He was nabbed by a team of the city Shadow Police from Pettah on the basis of a tip-off.

“The accused was found with a suitcase containing ₹5.82 lakh, including new currency notes of ₹2,000 and ₹500. He said he had come to the city to hand over the money to two persons. He was taken into custody soon after his arrival at the Pettah railway station,” an official said.

The accused, suspected to be entrusted with the task of delivering the money through the racket, also purportedly revealed that he had made a stop at Attingal to meet a few people. It is yet to be ascertained whether he had delivered money there. The police have gathered information that the accused was sent to Thiruvananthapuram by one Nizar of Kozhikode.

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