A recent investigation by the Telangana Government Anti Narcotics Bureau (TGANB) has revealed that drug cartels are laundering money through shell companies in Hyderabad. The probe uncovered a complex network of illicit financial transactions being carried out by these drug syndicates to disguise the proceeds of their illegal activities. The findings of the investigation point towards a sophisticated money laundering operation that is being run under the guise of legitimate businesses. The TGANB has identified several shell companies that are being used as fronts to channel and conceal the drug money. This revelation has raised serious concerns about the extent of the drug cartel’s operations in the region and the potential impact on the local economy. Authorities are now working to track down and dismantle these shell companies to disrupt the flow of illicit funds. The investigation highlights the need for increased vigilance and cooperation between law enforcement agencies to combat drug trafficking and money laundering activities in Hyderabad. It serves as a stark reminder of the challenges posed by organized crime groups and the importance of implementing robust measures to counter their criminal activities. The TGANB is urging the public to remain vigilant and report any suspicious financial activities to help in the fight against drug cartels and money laundering in the region.

Posted in
JUST IN
Drug cartels using shell companies to launder money, reveals investigation by TGANB in Hyderabad.
In Trend

“Kancha Gachibowli to Transform into 2,000-Acre Eco Park as Auction Plan Gets Scrapped in Hyderabad”
