The Hyderabad task force police on Thursday seized huge amount of demonetised currency worth Rs 7 crore from the close relative of actress-politician Jeevitha Rajasekhar in Jubilee Hills.
According to the police sources, the task force sleuths conducted raids on the office of Srinivas Enterprises in Jubilee Hills in the early hours of Thursday and confiscated Rs 7 crore cash, all in the denominations of Rs 1000 and Rs 500. They arrested two persons, Srinivas and Ravi.
During interrogation, it was revealed that Srinivas happens to be a close relative of Jeevitha. Unconfirmed reports said the building in which Srinivasa Enterprises has been running actually belongs to Jeevitha.
Srinivas was arrested in the past too in a drug peddling case and was released on bail, say sources.
There were reports during the early days of demonetisation that there was a large scale conversion of old currency into the new currency at this office by taking a commission of 25-30 per cent.