Officers of Commissioner's Task Force, Central Zone Team, seized Rs 27,90,000 and seven mobile phones from the arrested people namely, Deevi Madhusudhana Prasad, Sohanlal, and Kishore Kumar.
A currency counting machine and a fake press Identity card was also recovered.
Madhusudhana Prasad had been carrying out illegal Hawala money transfer business clandestinely and supplying money on commission basis at the rate of 0.6% to 0.8% to people.
The seized money has been handed over to Income Tax Department for further investigation.(ANI)