Fri Dec 05 15:27:33 UTC 2025: Here’s a summary and rewritten news article based on the provided text:

Summary:

Bowenpally police in Hyderabad have arrested two men, Prakash Motibhai Prajapathi and Pragnesh Keerthibai Prajapathi, both from Gujarat, in connection with a cheating case involving an alleged hawala network. The arrest followed a complaint from V. Vishwanath Chary, who claimed he and his friends were defrauded of ₹50 lakh after entrusting it to Mohammad Subhan Pasha for RTGS exchange. Police intercepted Prakash Prajapathi in Mahabubnagar district with ₹4.05 crore in hawala cash, which he confessed to moving from Nagpur to Bengaluru. The investigation is ongoing.

News Article:

Hawala Network Busted: Two Arrested, ₹4.05 Crore Seized in Hyderabad

HYDERABAD, Dec 5, 2025 – Bowenpally police have cracked down on an alleged hawala network, arresting two men and seizing a substantial sum of ₹4.05 crore in cash. The arrests of Prakash Motibhai Prajapathi, 30, and Pragnesh Keerthibai Prajapathi, 28, both from Gujarat, followed a complaint filed in December 2024 by V. Vishwanath Chary of Nagole.

According to DCP (North) S. Rashmi Perumal, Chary reported that he and two friends gave ₹50 lakh to Mohammad Subhan Pasha for a promised ₹60 lakh RTGS transfer. However, the transfer never occurred, and the initial ₹50 lakh was not returned.

Acting on a tip regarding Prakash Prajapathi’s movements, Bowenpally police intercepted an SUV with Maharashtra registration in Addakal, Mahabubnagar district, on Thursday. A search of the vehicle revealed the substantial amount of ₹4.05 crore in cash.

“He admitted to receiving the ₹50 lakh in August 2024 and also confessed to moving the seized ₹4.05 crore from Nagpur to Bengaluru as part of an illegal hawala operation,” stated DCP Perumal.

The seized cash is being verified to determine its source and ownership. Further investigations are underway to uncover the full extent of the hawala network and identify other individuals involved.

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