Money laundering racket busted in Madhya PradeshAugust 20th, 2008 - 6:51 pm ICT by IANS
Bhopal, Aug 20 (IANS) Three people, including a minor, were arrested here for running a money laundering racket and Rs.1.2 million was seized from them, a police official said Wednesday.The police on a tip off raided a flat in Jumerati area of the city and nabbed Golu, 24, Pushkar, 29, and a 17-year-old boy and seized from their possession unaccounted money worth Rs.1.2 million.
The flat was taken on rent by Vijay Raichandani, who hails from Itarsi town 100 km from here. He was arrested about three months ago with Rs.2.9 million unaccounted money. He was granted bail.
“Vijay had employed a teenager living in his neighbourhood who was caught with Rs.2.30 lakh (Rs.230,000) cash when the police conducted the raid. Later Golu and Pushkar were nabbed when they reached the flat to hand over the cash to Vijay,” Devendra Patidar, a police official, told IANS.
The police are now looking for Vijay.