MADHYA PRADESH: In a major crackdown on illegal money transfer networks, the Sagar district police intercepted a vehicle on the Sagar-Bhopal road in Madhya Pradesh, and recovered Rs 4 crore in unaccounted cash believed to be hawala money destined for Maharashtra.
Acting on specific intelligence, a special team of Moti Nagar police station laid a naka near Rahatgarh bypass around 11 p.m. Tuesday. When the vehicle was signalled to stop, the occupants initially tried to speed away but were chased and cornered within minutes. During vehicle checking, bundles of Rs 500 and Rs 2, 000 notes were found cleverly concealed under the rear seats and in secret compartments.
Preliminary probe revealed the cash was being transported from Madhya Pradesh to Maharashtra through the hawala route, police sources said.
“The case has been handed over to the Income Tax department, ” a well-placed source told IANS.