Tag: Cash

  • CBI recovers Rs 42L cash from CGST official in Gujarat

    CBI recovers Rs 42L cash from CGST official in Gujarat

    [ad_1]

    Gandhinagar: The Central Bureau of Investigation has recovered Rs 42 lakh in cash, gold and jewellery from the residence of a Central GST (CGST) Assistant Commissioner. Searches were carried out on Wednesday and are still going on.

    The CBI in a press statement stated, “The Central Bureau of Investigation has registered a case on 08.02.2023 against Assistant Commissioner, CGST, Gandhidham and his wife, on the allegations of disproportionate assets. It was alleged that the accused had accumulated disproportionate assets in the form of huge cash, bank balances, movable and immovable properties during the check period 2017 to 2021 in their names and in the names of family members, which was disproportionate to the tune of around Rs 3,71,12,499.”

    Searches are being conducted at various places in Gujarat and Rajasthan. Rs 42 lakh (approx) in cash; foreign currencies; jewellery; costly watches and documents related to property were found, it stated.

    Subscribe us on The Siasat Daily - Google News

    [ad_2]
    #CBI #recovers #42L #cash #CGST #official #Gujarat

    ( With inputs from www.siasat.com )

  • New Cash Transaction Rule: Big news! Tax notice will come

    [ad_1]

    The Income Tax Department has become very cautious about cash transactions these days. In the last few years, the Income Tax Department has tightened the rules for cash transactions for the general public on various investment platforms like banks, mutual fund houses, broker platforms, etc.

    Please tell that there are many such transactions, which are monitored by income tax. If you do large cash transactions with banks, mutual funds, brokerage houses and property registrars, they have to inform the Income Tax Department. Let us know about 5 such transactions, which can put you in trouble.

    1 Bank Fixed Deposit (FD):

    If you deposit Rs 10 lakh or more in FD once or more than once in a year, the Income Tax Department may ask you about the source of the money. In such a situation, if possible, deposit most of the money in FD through online medium or through cheque.

    2 Bank savings account deposits:

    If a person deposits Rs 10 lakh or more in cash in one account or more than one account in a financial year, the Income Tax Department can question the source of the money. The maximum limit in current accounts is Rs 50 lakh.



    Never Miss An Update After Joining This Channel
    Join Telegram GroupClick Here
    Join WhatsApp GroupClick Here

     

    3 Payment of credit card bill:

    Many times people also deposit credit card bill in cash. If you deposit more than Rs 1 lakh in cash as a credit card bill at one go, then the Income Tax Department can question you. On the other hand, if you pay a credit card bill of more than Rs 10 lakh in cash in a financial year, you can also be asked about the source of the money.

    4 Property Transaction:

    If you do a big transaction in cash with the property registrar, then its report also goes to the Income Tax Department. If you buy or sell a property worth Rs 30 lakh or more in cash, then the information will go to the Income Tax Department on behalf of the property registrar.

    5 Purchase of Shares, Mutual Funds, Debentures and Bonds:

    If you do large cash transactions in shares, mutual funds, debentures and bonds then you may face problems. Cash transactions in such instruments can be done only up to a maximum of Rs 10 lakh in a financial year. So if you have any plan to invest money in any of these, then the first thing to keep in mind is that you do not have to use large amounts of cash.

    18 months pending DA Arrear

    [ad_2]
    #Cash #Transaction #Rule #Big #news #Tax #notice

    ( With inputs from : kashmirpublication.in )

  • Three LeT Militant Associates Arrested, Cash Covered: Police

    Three LeT Militant Associates Arrested, Cash Covered: Police

    [ad_1]

    SRINAGAR: Jammu and Kashmir Police on Tuesday claimed have arrested three militant associates of proscribed outfit LeT in Srinagar and recovered cash amount of rupees 31,65,200/= and other incriminating materials from their possession.

    militant associate
    Three militant associates arrested in Srinagar on February 7,2022

    A police spokesman in a statement said that a police party of Police Station Nowgam during routine checking at Lasjan Crossing (NHW) spotted three suspicious individuals coming from Lasjan towards NHW carrying a blue colour cricket kit bag trying to avoid the naka checking party.

    The spokesman in a statement said that they were tactfully apprehended by the alert naka party. They have been identified as Umar Adil Dar son of Ghulam Hassan Dar resident of Soiteng, Bilal Asmad Sidiqi son of Ghulam Ahmad Sididqi resident of Kursoo Rajbagh and Salik Mehraj son of Mehraj Din Dar resident of Soiteng.

    “During checking of the said kit bag carried by Umer Adil Dar, Indian currency cash amounting ₹31,65,200/= (Thirty-One Lac, Sixty-Five thousand and two hundred rupees), 01 Mobile Phone, 03 pages of LeT letter pad was recovered. On personal search of the other two persons namely Bilal Asmad Sidiqi & Salik Mehraj (05) pages each of LeT letter pad were recovered,” said the spokesman.

    He said that during preliminary investigation, it came to fore that the trio was working as militant associates of proscribed outfit LeT.

    He added that the money was received by them as a part of conspiracy to strengthen its cadres within District Srinagar.

    “The said money was received by them on the directions of their handlers based in Pakistan as a part of larger criminal conspiracy hatched by militant organization within and across the border to pass/ raise money/ funds for furthering their activities and cause large scale disturbances in the UT of J&K,” he further added.

    “In this connection, a case FIR No. 20/2023 under relevant sections of law has been registered in Police Station Nowgam. Further investigation into the case is in progress. More recoveries and arrests are expected in the instant case,” said the spokesman.

    [ad_2]
    #Militant #Associates #Arrested #Cash #Covered #Police

    ( With inputs from : kashmirlife.net )

  • Cash Transaction Notice: Big Alert! These high value cash

    Cash Transaction Notice: Big Alert! These high value cash

    [ad_1]

    Cash Transaction Notice: If you deposit money in cash, then first of all read this news. The era is of digital transactions and the government keeps an eye on all your financial transactions, in such a situation, you can get a notice from the Income Tax Department on depositing the amount in cash. Let’s know.

    Cash Transaction Notice: If you are a taxpayer then there is very important news for you. Your one mistake can get you a notice from the tax department. Actually, the government keeps an eye on all your financial transactions. If you do cash transactions more than a limit, then you can get a notice from the Income Tax Department.

    Actually, the Income Tax Department has to give information to banks, mutual funds, brokerage houses and property registrars if someone does big cash transactions. In such a situation, if you also do more cash transactions than digital, then you are making a mistake. Let us know about some such cash transactions that can get you the notice of Income Tax Department.

    Property Shopping
    If you buy or sell property worth 30 lakhs or more in cash, then you will be informed about this to the Income Tax Department. In such a situation, the Income Tax Department can inquire about it from you. You can also be asked about the source of your cash.

    Payment of Credit Card Bill
    If you also deposit the credit card bill in cash, then you can get into trouble. If you deposit your credit card bill in cash more than Rs 1 lakh in one go, then the Income Tax Department can inquire from you. If you pay a credit card bill of more than Rs 10 lakh in cash in a financial year, then you will also have to provide its source.

    Buying shares and mutual funds
    Be cautious if you invest in the stock market or do large amounts of cash transactions in mutual funds, debentures and bonds. If you invest more than Rs 10 lakh in these in a financial year, you can get a notice from the Income Tax Department.

    Deposit in cash in FD
    If you deposit more than Rs 10 lakh in fixed deposits in a year, then the Income Tax Department may ask you for information about the source of these money. You deposit money in FD digitally only, so that the income tax department will have a record of your transactions and you will not face any problem.

    Do not deposit cash in bank account
    The way you deposit Rs 10 lakh or more in cash in a year in fixed deposits, then you may be questioned. Apart from this, if you deposited an amount of 10 lakh or more in cash in a year in any bank or co-operative bank, then you will come under the radar of Income Tax Department. In such a situation, if you want to deposit any amount, do it online so that the department knows about your transaction.

    [ad_2]
    #Cash #Transaction #Notice #Big #Alert #high #cash

    ( With inputs from : kashmirpublication.in )

  • ATM Cash Withdrawal Rules: Big news for customers

    ATM Cash Withdrawal Rules: Big news for customers

    [ad_1]

    ATM Cash Withdrawal Rules: Big news for customers, now the method of withdrawing cash from ATM has changed, read full details

    SBI Change ATM Withdraw Process: State Bank of India has now changed the method of withdrawing cash from ATM. Now SBI has started OTP service to withdraw cash from ATM.

    The bank has made this big change to protect its customers from fraud. Soon this rule will be seen applicable on SBI ATMs. This rule will act as an additional safeguard against unauthorized transactions.

    According to the bank, while completing the transaction, the bank customers will have to share the OTP while withdrawing cash from the ATM, so that it is ensured that the ATM user is the right user. OTP is a system-generated four-digit number that the bank will send to the customer’s registered mobile number. This OTP will authenticate the cash withdrawal and will be valid for only one transaction.

    OTP cash withdrawal started from January 1, 2020



    Never Miss An Update After Joining This Channel
    Join Telegram GroupClick Here
    Join WhatsApp GroupClick Here

     

    The country’s largest lending bank SBI had started OTP-based cash withdrawal services from January 1, 2020. SBI has been creating awareness about ATM frauds through social media and other platforms from time to time. It is appealing to all its customers to avail the service.

    OTP will be required in transactions of 10 thousand or above

    Now this service will come in handy for SBI customers at the time of withdrawing cash from ATMs. SBI made these rules in view of the increasing fraud, cyber crime. Let us tell you that customers withdrawing Rs 10,000 or more in a single transaction from SBI ATMs will require OTP to complete the transaction.

    Withdraw cash using OTP

    You must have your Debit Card and Mobile Phone while withdrawing cash from SBI ATM OTP will come Enter the OTP received on your phone on the ATM screen After entering the valid OTP, the transaction will be completed.

    1623466742 atm1

    [ad_2]
    #ATM #Cash #Withdrawal #Rules #Big #news #customers

    ( With inputs from : kashmirpublication.in )

  • Bank change cash deposit rule: Big news! Now without

    [ad_1]

    On 10 May 2022, the government had implemented these rules by issuing a notification. PAN Card and Aadhar Card have been made mandatory for depositing large amounts of cash in one or more banks in a financial year. Similarly, the government has also set the limit for cash transactions.

    New Delhi. The central government has taken several steps to crack down on illegal and unaccounted cash transactions. The government has amended the cash withdrawal limit and also made PAN card and Aadhar card mandatory for depositing large amounts of cash in one or more banks in a financial year.

    This means that now you have to show PAN card and Aadhar card while depositing large amount. Not only this, a provision has also been made for heavy fines for paying cash or receiving cash in excess of the prescribed limit.

    Under the new rules, it has now been made mandatory to provide PAN or Aadhaar for depositing or withdrawing more than Rs 20 lakh in banks. On May 10, 2022, the government had implemented these rules by issuing a notification.

     

    The Central Board of Direct Taxes (CBDT) has made new rules under the Income Tax (15th Amendment) Rules, 2022. After the implementation of these new rules, if a person deposits a total amount of 20 lakh rupees or more in a financial year in one or more accounts in any banking company, co-operative bank or post office, then PAN and Aadhar card for him. Giving has become mandatory.



    Never Miss An Update After Joining This Channel
    Join Telegram GroupClick Here
    Join WhatsApp GroupClick Here

     

    What will happen to those who do not have PAN?

    Those who do not have PAN will have to apply for PAN at least seven days prior to any transaction of more than Rs 50,000 in a day or more than Rs 20 lakh in a financial year. Similarly, if a person withdraws a total amount of 20 lakh rupees or more in a financial year from one or more accounts of any banking company, co-operative bank or post office, then he will have to give PAN or Aadhar card.

     

    Keep these things in mind

    • Income tax laws prohibit cash transactions above Rs 2 lakh for any reason. Therefore, avoid excessive cash transactions, otherwise you may have to pay a fine.
    • The government prohibits accepting cash above Rs 2 lakh. Therefore, in a single day, you cannot take more than Rs 2 lakh in cash even from your close relatives.
    • Not more than Rs 2 lakh can be accepted as a cash gift from a single donor at a time. If anyone violates this, he can be fined equal to the amount received.
    • Do not pay cash for health insurance. If the taxpayer pays the insurance premium in cash, he will not be eligible for section 80D deduction.
    • In a property transaction, the maximum cash allowed is also Rs 20,000. If a seller is in advance, then the maximum limit is only two lakh rupees.

    C59DE681 CD3C 4B0F 8DC4 4BF172DF51DE

    [ad_2]
    #Bank #change #cash #deposit #rule #Big #news

    ( With inputs from : kashmirpublication.in )

  • Trump committee burns through cash in early months, new filings show

    Trump committee burns through cash in early months, new filings show

    [ad_1]

    election 2024 trump 63888

    Despite those high expenses, the fundraising committee — which had money in the bank going into December — still distributed significant funds to Trump’s campaign committee, enabling him to pay staff and fund a variety of campaign initiatives over the holidays.

    But the high costs of fundraising are an ominous sign, as the early days of campaigns are often a time for candidates to reap easy cash from enthusiastic donors.

    Trump has significant fundraising work to do ahead of what could be a grueling election cycle. His campaign reported only $3 million in cash on hand, compared to more than $19 million that his campaign had at the same time in the 2020 election cycle. Four years ago, the then-president also did not have a competitive primary approaching.

    The former president’s fundraising numbers would still be enviable for many candidates. December is typically a slow fundraising month, and the fundraising committee raised more than $15 million in October and November, mostly before Trump’s presidential campaign launched. Declining rates of return on digital fundraising is a problem that has plagued many candidates. But Trump was once considered the exception to his party’s digital fundraising woes, as he raised record sums online during the 2020 election cycle and continued raising large amounts of money after he left office in 2021.

    “President Trump has raised $21.3 million in the last quarter, proving that he is an unstoppable force that continues to dominate politics,” said Steven Cheung, a spokesperson for the Trump campaign. “The campaign built out a second-to-none operation both on the national level and in early states since announcing. The President will wage an aggressive and fully-funded campaign to take our country back from Joe Biden and Democrats who seek to destroy our country.”

    Trump will still benefit from significant outside money. A super PAC backing him, MAGA Inc., reported having $54 million in cash on hand at the end of 2022 and will likely look to target potential GOP primary opponents in advertising — a costly part of any campaign.

    Overall, Trump’s fundraising committee spent over $250,000 on top political consultants and staff, while his campaign spent another more than $330,000 on staff and consultants.

    The joint fundraising committee paid more than $4,400 to GS2LAW PLLC, the law firm representing Trump in his lawsuit against journalist Bob Woodward over audio of their interviews released by Woodward. Other major campaign expenses in December included $67,000 spent at Mar-a-Lago and a $5,000 donation to the Republican Party of Iowa.

    The filings give some clues as to who exactly is working with Trump in the early days of his campaign. Aides say Trump’s 2024 operation, headquartered in West Palm Beach, Fla., not far from Trump’s Mar-a-lago club, is expected to be scrappier than the large 2020 campaign based at a high rise in Virginia.

    Over $50,000 went towards paying advisers like Boris Epshteyn and Christina Bobb, who have assisted the former president on his numerous legal cases. The fundraising arm also paid longtime Trump aides like Lynne Patton, who has worked closely with the Trump family for years and was with Trump since his first campaign, and Dan Scavino, Trump’s director of social media in the White House who will continue that work on the campaign.

    Other aides included in the filing include Margo Martin, who worked for Trump in the White House and has continued to be a press and communications aide for his reelect, Liz (Harrington) Shrew, a spokeswoman for Trump who frequently appears on right-wing media, Justin Caporale, a Melania Trump aide-turned-operations adviser, and Danny Tiso, a press lead for the campaign.

    Vincent Haley and Ross Worthington, Trump’s top policy advisers and speechwriters who worked with him in the White House, are on the campaign payroll. And so are two of the people frequently at Trump’s side: Natalie Harp, the young OAN anchor-turned-aide, and Walt Nauta, Trump’s former military aide in the White House who moved down to Florida to continue to work for Trump and found himself at the center of Trump’s Mar-a-lago document drama.

    [ad_2]
    #Trump #committee #burns #cash #early #months #filings #show
    ( With inputs from : www.politico.com )

  • Facebook was a cash cow for Trump. It could end up being a ‘bronze goose.’

    Facebook was a cash cow for Trump. It could end up being a ‘bronze goose.’

    [ad_1]

    election 2024 trump 24231

    “I’ll be curious to see if the Trump team runs into a similar situation,” she added.

    Trump was suspended from Facebook for his role in inciting the Jan. 6 riot in early 2021. But the suspension wasn’t permanent and Meta, Facebook’s parent company, said earlier this week that it would be lifted soon.

    “President Trump should have never been banned, so getting back on this platform allows the campaign access to that universe once again,” Trump campaign spokesperson Steven Cheung said in a statement. “We are getting closer to the full spectrum of building out the operation and dominating at every level, which we have already been doing based on poll numbers.”

    The platform Trump is rejoining, however, is different from the one from which he was exiled. And how his team manages those changes could go a long way in determining the success of his efforts for a second term as president.

    For starters, Facebook placed notable restrictions on ad targeting for political clients at the beginning of last year. And in 2021, Apple turned off ad tracking on their phones for users by default.

    Those alterations represented a seismic shift for the advertising world. It also had profound impacts on political campaigns. Digital operatives from both parties say the changes have made it less valuable for campaigns to advertise on the social media behemoth.

    One Republican who worked on statewide campaigns in recent cycles, who was granted anonymity to discuss internal fundraising metrics, said there was a notable dip in campaigns’ return on investment. “In 2020, [return on investment] on a really good day would be 200 percent. The minimum was 150 percent in 2020,” the operative said. “In 2022, it would be 90 percent or 80 percent. We would celebrate it when 110 [percent] came in.”

    A Trump adviser close to his campaign acknowledged that the change in targeting would make Facebook less effective, but still said that that lack of access had been “a huge hindrance from a fundraising standpoint.”

    “You’ve gone from an area where you’re able to be very certain about how your return on ad spend is taking effect, to a little bit more fuzzy,” said Mark Jablonowski, the president and chief technology officer of DSPolitical, a major Democratic digital ad firm. “It’s not that it doesn’t work anymore, but it definitely has made it harder to prove its efficacy.”

    There was a noticeable retrenchment on political Facebook ad spending during the midterms, particularly among major Republican candidates and organizations. Statewide Republican campaigns and groups rarely cracked the list of top political spenders on the platform, even as Democratic statewide candidates still poured in money.

    “Candidates struggled to raise money online” in the midterms, said Eric Wilson, a veteran GOP digital operative. “The playbook for fundraising on Facebook has changed and the Trump campaign, like any other candidate, is going to have to adapt to that. And no one has quite figured that out yet.”

    Facebook, Wilson allowed, could be “more of a bronze goose now” for Trump than the golden one it once was. That may be especially true as Facebook has signaled that it would close off Trump’s access again if he were to exhibit the behavior that got him banned in the first place.

    Even those GOP entities that continued to bet big on Facebook found the payoff lacking. The National Republican Senatorial Committee poured money into the platform in 2021 and early 2022 in hopes of building up a sustainable small dollar program. But that high profile bet ended up crumbling under its own weight.

    Trump’s political operation also significantly scaled back its advertising on the platform during the midterms. While Trump himself was banned from Facebook, his fundraising arms were still allowed to advertise — with notable restrictions, including not posting in the voice of the former president.

    But it was much more muted from when Trump was actively campaigning for higher office. Between June of last year — when his committees resumed advertising after his ban — and the launch of his campaign in mid-November, Trump’s leadership PAC Save America and affiliated fundraising committees spent over $2 million on ads on Facebook and Instagram.

    By contrast, from May 2018, when Meta made political spending data public, and the Nov. 2020 election, Trump’s political operation spent over $113 million on advertising on his main Facebook page alone. That total doesn’t account for the tens of millions his presidential campaign spent on affiliated pages. His president’s political operation was the most prolific advertiser on the platform during the cycle.

    Since launching his third bid for the White House, Trump’s political campaign has not spent any meaningful money on ads on Facebook and Instagram.

    Few other would-be 2024 Republican candidates have spent a sizable amount on Facebook to date either. Over the last 30 days — from Dec. 25 through Jan. 23 — just two potential primary challengers to Trump have spent five figures on the platform: Nearly $62,000 for Florida Gov. Ron DeSantis, who appears to be running a significant campaign to build up his supporter list, and just over $10,000 for former Maryland Gov. Larry Hogan.

    Trump’s team argued to POLITICO shortly after his launch that, given that the campaign was just beginning, “resources are better spent on other platforms and programmatically across the internet.”

    But after the reinstatement, those in the former president’s orbit said they expected it to play a bigger role. “The enormity of it can’t be understated and you can talk to so many people and you can target people,” said the adviser.

    “I’m not saying it’s a silver bullet,” the adviser added, stressing that “If you become too reliant on one mode of fundraising, you write your own obituary.”

    Meredith McGraw and Sam Stein contributed to this report.

    [ad_2]
    #Facebook #cash #cow #Trump #bronze #goose
    ( With inputs from : www.politico.com )

  • SRK’s ‘Pathaan’ sets cash register ringing with Rs 55 crore opening, highest for any Hindi movie

    SRK’s ‘Pathaan’ sets cash register ringing with Rs 55 crore opening, highest for any Hindi movie

    [ad_1]

    Mumbai: Shah Rukh Khan made a grand comeback to the big screen with his new Hindi film “Pathaan” raising a whopping Rs 55 crore nett and its dubbed versions bringing in additional Rs 2 crores on the opening day, the makers announced on Thursday.

    According to production house Yash Raj Films (YRF), the movie’s nett day one collection stood at Rs 55 crore, the “highest grossing first day for a Hindi film”. “Pathaan” was also released in Tamil and Telugu on Wednesday.

    The Siddharth Anand directorial, which faced boycott calls over the song “Besharam Rang”, marks Shah Rukh’s return to movies after a gap of over four years. His previous film was 2018’s “Zero”.

    YRF said “Pathaan” had set multiple new records, including the “widest Hindi release of all time in India” and “highest grossing first day for a non-holiday release”.

    The first day gross collection of the stylish spy thriller is also the “highest ever” in Shah Rukh’s career as well as for co-stars John Abraham and Deepika Padukone, director Anand and YRF, the studio stated in a press release.

    “It is a historic day for Indian cinema and we are humbled to see the love and appreciation that is flowing for ‘Pathaan’ globally.

    “For ‘Pathaan’ to shatter records in this fashion on a non holiday, just proves that the theatrical business is here to stay, provided we make films that entice people to come to the cinemas to witness a never seen before experience that entertains them thoroughly,” Akshaye Widhani, CEO of Yash Raj Films, said in a statement.

    With its record day one haul, “Pathaan” has exceeded the expectations of the industry experts who were banking on the action spectacle to pull out Bollywood from the trenches of the pandemic and a string of box-office duds.

    The film opened on Wednesday in over 5,000 screens across the country, including big cities like Delhi and Mumbai. The movie has a five-day extended opening weekend as it released just the day before Republic Day.

    Till Tuesday, “Pathaan” sold with 4.19 lakh tickets sold in advance booking reflecting 80 per cent occupancy on day one, even for early morning shows beginning at 6 am or 7 am, said industry insiders.

    Buoyed by the phenomenal response to the star-studded entertainer, production banner YRF on Wednesday said it had added a post midnight 12.30 am show across the country.

    Besides, 300 more screens were added due to high demand, according to trade analyst Taran Adarsh, taking the film’s total screen count to 8,500 worldwide.

    “Pathaan” is the fourth film in producer Aditya Chopra’s ambitious spy universe, following Salman Khan’s “Ek Tha Tiger” (2012) and “Tiger Zinda Hai” (2017), and “War”, featuring Hrithik Roshan (2019).

    The movie follows the titular spy Pathaan (Shah Rukh) who comes out of exile to stop terrorist group Outfit X, led by Jim (John), from launching a debilitating attack on India.

    “Pathaan” also has a guest appearance by Salman as fellow spy Tiger.

    [ad_2]
    #SRKs #Pathaan #sets #cash #register #ringing #crore #opening #highest #Hindi #movie

    ( With inputs from www.siasat.com )

  • Telangana: Robbers open fire, loot cash in Medchal’s wine shop

    Telangana: Robbers open fire, loot cash in Medchal’s wine shop

    [ad_1]

    Hyderabad: Robbers opened fire to snatch over Rs 2 lakh from employees of a wine shop on the outskirts of Hyderabad, police said on Tuesday.

    The incident occurred on Monday night at Uddamarri under Shamirpet police station in Medchal Malkajgiri district.

    Three masked men attacked the cashier and other employees when they were leaving with cash after closing the shop.

    According to police, the robbers attacked the wine shop employees with sticks and tried to snatch the cash. When the victims resisted, one of the robbers opened two rounds of fire.

    A bullet hit the wine shop shutter while the second bullet was fired in the air. The offenders escaped after snatching Rs 2.08 lakh in cash from the employees.

    On receipt of information, police rushed to the spot and launched an investigation. One of the victims Balakrishna said the masked men attacked them when they were about to start their two-wheelers. He said they were speaking Hindi.

    Police suspect the involvement of an inter-state gang and constituted five teams to apprehend them. The gang apparently selected the target near the Outer Ring Road (ORR) for an easy escape.

    Subscribe us on The Siasat Daily - Google News

    [ad_2]
    #Telangana #Robbers #open #fire #loot #cash #Medchals #wine #shop

    ( With inputs from www.siasat.com )