Hyderabad: A TRS Jubilee Hills division incharge and his associate were arrested by Central Zone Task Force team on Saturday with demonetised currency notes worth Rs 1.34 crore.
The arrested accused were identified as Allada Jaya Kumar, 34, who is a sari trader and a resident of Guntur, and Gundu Narasimha Mudiraj, 42, a TRS Jubilee Hills division incharge and a resident of Film Nagar.
“Facing financial crisis, Jaya Kumar was looking for an agent to dispose of the demonetised currency. He came into contact with Narasimha Mudiraj and asked him to find a buyer in Hyderabad. Accordingly, Narasimha arranged a buyer at 30 per cent commission,” said additional DCP, task force C. Shashidhar Raju. “Three days ago, Narasimha called Jaya Kumar and asked him to bring the currency notes to Hyderabad.
On Saturday, Jaya Kumar came to Apollo Hospital in Jubilee Hills along with the currency and met Narasimha. While they were waiting for the buyer in a car, the task force personnel apprehended them and seized the demonetised notes,” added DCP Mr Raju.
The accused were handed over to the Banjara Hills police for further investigation.
