Police Commissioner Anjani Kumar said two cars were also seized from the accused.

 

Acting on a tip off, the Commissioner's Task Force (West) made the arrests. The arrested were identified as Eshwar Dileep Solanki (29), Harish Ram Bhai Patel (35), Ajith Singh (34) and Rathod Kanak Singh Natuba (42), all from Gujarat and residing in Banjara Hills in Hyderabad.

 

On credible information that four persons were moving in two cars with huge cash, police intercepted two cars on Road No 12, Banjara Hills. The four occupants were carrying Rs 3.75 crore cash without any valid documents.

 

Their interrogation revealed that they are working for P.Vijay & Company, Mumbai and its owner Kamlesh Shah, a native of Ahmedabad, has a branch office at Hyderabad.

 

Solanki and Patel came to Hyderabad on Monday in a Mahindra Scorpio to collect the cash from Dinesh and Giri working at the branch office in Banjara Hills. They collected the cash on Tuesday and all the four were proceeding in two cars to Solapur.

 

Police suspect the amount is part of a hawala transaction.

 

The Police Commissioner said the seized amount will be handed over to the Income Tax Department for further necessary action. The persons who are in possession of money will be examined by the Income Tax department.