Indore-based trader held with Rs 16 lakh cash

Source: The Hitavada      Date: 02 Feb 2018 11:14:23

Staff Reporter 

Hanumanganj police have nabbed a man carrying huge cash from Hamidia Road and recovered Rs 16 lakh cash unaccounted money in a bag, suspected to be used in money laundering and was scheduled to collect money in the city late on Wednesday night, said police.

Acting on a tip off a miscreant was nabbed from outside Hotel Siya Palace near Alpana Talkies at Hamidia road and when he was checked Rs 16.29 lakh cash has been recovered from his possession. SHO of Hanumanganj police station, Sudesh Tiwari said that the accused is identified as Mahesh Wadhwani, 52, son of Prahlad who hails from Indore. He confessed that he came to the city to collect money.  The police acted swiftly after receiving the information and nabbed the accused who was carrying cash.CSP Hanumanganj Galdwin Adward said that the person has been detained with money but at the moment it could be ascertained that the money is circulated through Hawala channel. In quizzing, Mahesh Wadhwani told police that he used to supply peanuts and gram in Bhopal and the cash is collection taken by him from local traders in Bhopal whom he had supplied here. However when he was asked to give information related names to those traders to which he couldn’t give satisfactory reply. The police have registered a case under section 102 of the CrPC and have started further investigation.

If the money has legal validity the nabbed person would prove the details in the court. Income Tax (I-T) department had been also informed by the police. Police said in case if the accused is involved in the work of delivery only and investigation to nab the main accused behind the ‘Hawala’ nexus would be unearthed.The income tax department has been informed regarding the seizure of the cash and would investigate the matter, said police. Notably in October,