Hyderabad is definitely known for the Hawala that happens, and that too on a large scale. In fact many films too have shown the huge mafia of hawala that exists here.

Well, something similar, just like the script of a film, has happened in the city.

The Mahankali Police have busted a hawala money racket near City Light Hotel in Secunderabad and apprehended three persons in the case.

According to an official release, the police also recovered over Rs 16 lakh from the spot. Accused Nayi Lalitkumar Chunilal is a native of Gujarat while Ashok Singh is a native of Rajasthan. The third accused is Nareddy Laxmikanth. Police said that Chunilal and Singh were residing in the limits of Begum Bazar, Hyderabad and working as hawala agents in around Hyderabad as well as other States.

They came in contact with those involved in hawala transactions. They transported Hawala money from one place to another on 5 per cent commission per lakh and shared the profits, according to the police.