Acting on a tip-off that came through an unsigned letter, the police raided a house in the Milan Chowk area in Brahmpur Police limits and seized ₹ 40 lakh in cash that was unaccounted for and arrested Karan Gayakwad on November 1. The accused was booked under Sections 41(1)(d) and 102 [possessing something which may reasonably be suspected to be stolen property and of having committed an offence with reference to such thing] of the Criminal Procedure Code as well as Prohibition of Charging Exorbitant Interest Act.
Addressing a media conference at the police headquarters here on Wednesday, Alok Kumar, Inspector-General of Police (North East Range), said that the accused did not provide any satisfactory information about the source of the money.
“An unanimous letter about illegal financing activities at exorbitant interest rate led us to the raid. Since the amount is huge, we have written to the Income Tax Department requesting them to investigate the case,” he said.
In another coordinated action, Brahmpur Police, Station Bazaar Police and Raghavendra Nagar Police raided the houses of Srikant Onti, Meenakshi Kanta and Nagaraj Kalashetty respectively and seized ₹ 9 lakh in cash that was unaccounted for. Three cases were booked under Prohibition of Charging Exorbitant Interest Act and the accused arrested.
17 arrested
In another case reported from Sedam, two police teams raided a gambling hideout in the APMC Yard and arrested 17 persons, including kingpin Shivakumar Veerashetti Patil. A sum of ₹ 7.52 lakh, eight motorcycles, two four-wheelers and 18 mobile phones were seized from the accused.
