Visakhapatnam task force police seize unaccounted cash of Rs. 50 lakh, one held

The Visakhapatnam police have seized large amounts of cash in the city on Sunday. As much as Rs. 50.38 lakhs of cash was seized without proper documents. The cash was seized while it was being transported from Visakhapatnam to Narasapuram wherein Task Force officials caught a man named Narasimha Rao an attended of Jayadevi Jewellers at the RTC complex in Visakhapatnam. Police have identified the man of transferring money to Jayadevi Jewelery in Narasapur.

After a primary investigation, the attended Narasimha Rao told the Task Force police that he was unaware of the money and said that Praveen Kumar Jain, the owner of Jayadevi Jewelers in Narasapuram, had sent him here. At the same time, he had a secret code on his phone and handed over to two town police, including cash, in what the Task Force police deemed as black money moving along the hawala racket.

The police are believed to be black money moving illegally without any documents to evade tax. Visakhapatnam II Town police have registered a case under IPC section 41, 102 and further investigation is on.