Illegal cash transactions: One more held

Chennai

Central Crime Branch sleuths have arrested one more person in connection with illegal transfer of Rs 78 crore to abroad using fake Customs department receipts. The accused Harun Rashid (41) of Tondiarpet has been remanded in judicial custody. Police said that he belongs to a gang which created accounts in the name of eight non-existent companies at the Thousand Lights branch of Indian Bank and sent money to accounts in countries like China, Taiwan and Hong Kong by producing fake receipts as issued by Customs officials for importing materials. While a few of the gang were already nabbed, Harun Rashid has been nabbed now. The action has been taken based on a complaint filed by the bank branch's manager Manohar.