In a major crackdown on illegal money transactions, Kalaburagi police seized unaccounted money to the tune of Rs. 70.15 lakh and arrested four persons who were said to be working for a mysterious firm involved in shady transactions.
A team led by Assistant SP Divya Nathu and consisting of circle inspectors K.N. Satish and Rajashekar Halegodi arrested the accused and seized the money.
The arrested include Shankar Bhosle, Dipak, Bopat Jumal and Satosh Bhodke, all hailing from Satara district in Maharashtra.
Questioning
Initial questioning revealed that the money was used for Hawala transactions. They were all employed by New India Services, a firm that was engaged in such transactions. Details of the ownership of the firm were not immediately available.
