Hawala broker caught in Rs.26 cr theft case – Movie Mint

Hawala broker caught in Rs.26 cr theft case

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Malkajgiri police arrested a hawala broker in connection with the case of SBH bank embezzlement. Police is also suspecting the involvement of more bank employees in the case. Police thinks that without the help of top employees of the bank Rs 26 crore could not have been embezzled. Police is also inquiring with liquidator Arvind Shukla who had deposited the money following an order form the High Court.
The preliminary investigation has led to a person named Damodar, who is suspected to have planned the scam by using various people from bank and the liquidator’s office. However, police officials do not have much details about the scammer, who is now absconding. “We have got a name as most people we interrogated said they were acting as per his order. Efforts are on to find him,” said an investigation official.

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