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Telangana Police seizes Rs 1 crore cash being taken to poll-bound Munugode

Cash worth Rs 1 crore was seized by police in Telangana which was allegedly being transported to poll-bound Munugode. Police have arrested five people and efforts are on to nab the rest.

Hyderabad,UPDATED: Oct 22, 2022 23:27 IST

The Narsingi police on Saturday seized Rs.1 crore, which was allegedly being transported to Munugode (Photo: Screengrab)

By Abdul Basher: Police in Telangana seized Rs 1 crore, which was allegedly being transported to Munugode where the by-election is scheduled to take place on November 3. Police said during vehicle checking at Narsingi Rotary, the police team found people in two cars and a bike moving suspiciously and checked the vehicles.

On seeing the police, the accused tried to escape from the spot but were later caught. Police found two bags in two cars containing Rs 35 lakh each and, while on the motorcycle, the rider had another bag containing Rs 30 lakh each. When asked from where they are getting the money and what the source is, the accused failed to give satisfactory answers.

On questioning, police came to know that the amount was being transported to Munugode to be handed over to Komatireddy Sumanth Reddy and Komatireddy Surya Pavan Reddy. The arrested accused have been identified as K Deval Raju, Dasar Luthar, D Nagesh, Gundala Vijay Kumar and G Srikanth Sagar. V Harshavardhan Reddy, Sunil Reddy, Sumanth Reddy and Surya Pavan Reddy are on the run.

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When interrogated, K Deval Raju revealed that he had been working as a sales executive for the last 20 years in the company of Mr. Harshavardhan Reddy, who is the owner of Mayuri Broiler Breeding Farms. He said upon directions of Harshavardhan Reddy, he and his accomplices collected Rs 1 crore cash from one Sunil Reddy, a resident of Kokapet, and it was being taken on different vehicles to avoid police checks. The accused then divided the cash in order to escape police action and checking.

Police have seized Rs 1 crore cash, two four-wheeler vehicles, one two-wheeler vehicle and six mobile phones.

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