09/09/2025
PRESS NOTE
NABBED (04) FOUR PERSONS WHO WERE IN ILLEGAL POSSESSION OF DEMONETIZED INDIAN CURRENCY NOTES OF RS. 1000 & 500 AND TRYING TO EXCHANGE WITH VALID INDIAN CURRENCY ON 30% COMMISSION. SEIZED RS. 1,92,50,000/- DEMONETIZED INDIAN CURRENCY, 04 CELL PHONES AND COUNTING MACHINE.
On 09-09-2025, acting on credible information, the sleuths of the Commissioner’s Task Force, East Zone Team, Hyderabad, along with Narayanaguda Police, apprehended (04) persons who were found in illegal possession of demonetized Indian currency notes of ₹1000 and ₹500 denominations. The accused were attempting to exchange the same for valid Indian currency at 30% commission near Shanthi Theatre, Narayanaguda, Hyderabad.
Sl. No
Accused Details
1.
Mulla Abbas Ali @ M A Ali S/o Pathan @ Papul Sab, age: 46 yrs, Occ: Electrical Works, R/o Mangammanapalya, Bangalore South, Karnataka
2.
Mannelli Raj Kumar S/o Late M. Veer Shetty, age: 46 yrs, Occ: Real Estate Consultant, R/o Banjarahills, Hyderabad
3.
Tangella Krishna Mohan, S/o Late Ankoos, age: 43 yrs, Occ: Kirana Shop, R/o Jammikunta, Karimnagar
4.
Yada Jaya Kavitha Gupta W/o Yada Sreedhar, age: 47 yrs, Occ: Financial Facilitators, R/o Bholakpur, Musheerabad, Hyderabad
Previous Case of Mulla Abbas Ali @ M A Ali in Cr. No 246/2021, U/s 420 IPC and 5, 6, 7 of The Specified Bank Notes (Cessation of Liabilities) Act, 2017 r/w 34 IPC of PS Parappana Agrahara, Bangalore.
Facts of the Case:-
The prime accused, Mulla Abbas Ali @ M.A. Ali, is a resident of Bengaluru and ekes out a livelihood by working as an electrician. During the course of his work, he came to know through various sources that even after demonetization of Indian currency notes of ₹1000 and ₹500 as legal tender, the same were still being exchanged for valid Indian currency on a commission basis, which is illegal.
In 2021, he, along with his associates, accumulated demonetized currency notes and attempted to exchange them in Bengaluru by luring innocent people. At that time, they were apprehended by Parappana Agrahara Police and arrested.
Despite his earlier arrest, the accused did not mend his ways. He again procured demonetized currency from one Aziz of Kerala (presently absconding) and began offering huge amounts of the same for illegal exchange.
In August 2025, Mulla Abbas Ali, along with his known associates Tangella Krishna Mohan and Libbu (N/o Odisha, absconding), came to Hyderabad. They started contacting various persons for exchanging demonetized currency. During this process, they came into contact with Mannelli Raj Kumar and Yada Jaya Kavitha Gupta, and informed them about the availability of ₹1,92,50,000/- (Rupees One Crore Ninety-Two Lakhs Fifty Thousand only) in demonetized notes.
Mannelli Raj Kumar and Yada Jaya Kavitha Gupta showed interest in taking the same at the rate of ₹30,00,000/- per ₹1,00,00,000/-, and further decided to lure others into the deal for monetary gain.
Accordingly, on 09-09-2025 when all the four accused gathered near Shanthi Theatre, Narayanaguda, Hyderabad, in illegal possession of demonetized currency worth ₹1,92,50,000/-, the police party apprehended them and seized the amount along with other incriminating material.
The above arrest was made under the supervision of, A. Nagarjuna, Inspector of Police, East Zone Taskforce by S. Karunakar Reddy Sub- Inspectors of East Zone Taskforce and team along with Narayanaguda Police.
ANDHE SRINIVASA RAO
Addl. Dy. Commissioner of Police,
Commissioners Taskforce,
Hyderabad.
