Man held in suspected money laundering racket - News Summed Up

Man held in suspected money laundering racket


more-inThe City police have launched a probe into a possible money laundering racket following the arrest of a 55-year-old man on Tuesday who was found to be allegedly in possession of unaccounted money of ₹6 lakh. He was nabbed by a team of the city Shadow Police from Pettah on the basis of a tip-off. He said he had come to the city to hand over the money to two persons. The accused, suspected to be entrusted with the task of delivering the money through the racket, also purportedly revealed that he had made a stop at Attingal to meet a few people. The police have gathered information that the accused was sent to Thiruvananthapuram by one Nizar of Kozhikode.


Source: The Hindu January 17, 2017 19:45 UTC



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