Huge Cash Deposited In Visaka Industries And Vigilance Security Accounts

Hyderabad, Nov 20 (Hydnow): The Deputy Commissioner of Police (DCP), West Zone, Venkateshwarlu said that the huge amount of cash deposited in the accounts of two companies in IDBI Bank in Basheerbagh has been frozen.  

Election Commission officials kept vigil on bank transactions during elections.  Collecting details of illegal cash deposited in accounts.  On the 13th of this month, Rs. 8 crores were deposited into the accounts of Visaka Industries Private Limited and vigilance Security Services Private Limited.  

Saifabad Police received complaints about a large amount of money being transferred from an unknown account.  The police who entered the field inquired about the transactions and forze the cash.  DCP said that IDBI Branch Manager, Nodal Officer, Income Tax Department and ED Joint Director have been informed to this extent through a letter.  DCP said that they are inquiring about the people who deposited huge amounts of cash in the accounts of the two companies. He clarified that legal action will be taken after getting full evidence.  

Police suspect that the money was transferred for a key leader of a major party. (Hydnow)

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