Visakhapatnam police got in to the act and arrested Vadde Mahesh and his father, Srinivas, in the nearly Rs. 1,500 cr. hawala racket. Both are involved in mining in Srikakulam district. Mahesh floated 12 fictitious companies and opened nearly 30 bank accounts, and collected funds from gullible investors. The scam has shocked Income Tax (IT) department officials, who came to know of the case through the huge sums as deposits. The police are interrogating the father, son duo in the case.
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