Hyderabad : Police has arrested 3 people who were illegally exchanging old currency into new on 15% commission basis.
According to Saidabad Police 32 years old real estate businessman Bingi Vasu Goud along with Bandaru Venkatesh, 28 years old district coordinator at computer centre and Madugula Mohan, 51 years old Government employee were indulge in this illegal money laundering business.
Police recovered 2000 notes of Rs.20,16,000/- and 100 notes of Rs.6,44,000/- from Bingi Vasu Goud. While Rs 3,16,000/- all new 2000 notes from Bandaru Venkatesh.
More updates awaited.