Hawala racket busted, Vaddi Mahesh played a key role

Vishakapatnam, May 13: The Vizag DSP Naveen Gulati has told to media reporters on Saturday, the inquiry is ongoing in the case of hawala transfers over Rs 1,000 crore.

He said that, In this case, Vaddi Mahesh has played a key role in the scam, The investigation also going on with the help of Income tax authorities, about 30 banks have opened accounts. The bogus companies have arranged in Visakhapatnam, Srikakulam, and Kolkata, then money was transferred to Hong Kong, China, and Singapore, he added.

The issue was gone viral in northern Andhra, which was lightened by the complaint of income tax officials.



Vaddi Mahesh was come from the Srikakulam and settled in Calcutta. We all know that, His father Vaddi Srinivasa Rao along with Achanta Harish, Chinta Rajesh, Prashant Kumar Rao Burman, Praveen Kumar Jha, Aaiash Goyal, Vineet Goenka, Vikram Gupta were accused in Hawala case, who have started 12 bogus companies and the collection of money was transferred to the foreign countries.