Money circulation firm chairman held

HYDERABAD: Crime Investigation Department (CID) officials on Thursday arrested chairman of Bharat Prem Sadan (BPS), a money circulation company involved in illegal business across various states.
The investigating agency officials said that G Prasad, chairman of BPS, had collected Rs 45 crore through 29 agents in Nellore. The activities of BPS were spread across AP, Tamil Nadu and Karnataka, officials said.
The money was circulated through various societies including HIM Trust (Heavenly Inter Denominal Mission Trust), Bharat Prem Sadan, Youth & Strength Christian Welfare Association, Youth Alive Society, Trogopan Formers Society, New Vision Foundation, Little Lamb Baptist Church Mission Trust, Jesus Preaches Association, Trinity Grace Ministry, Maranatha, Help to Poor International Trust, Centre for Women Solidarity, RMP Infotech (Resource Money Power) and Online Survey World Organization.
“Out of the 79 cases registered against BPS and its affiliates in various districts, we took over the investigation into cases registered in Nellore, Prakasam, Warangal, Kurnool and Karimnagar. After taking over, we elicited the names of the trust members, coordinators and main agents involved in collection and misuse of money. So far, chairman of HIM Trust, the main accused in the case, and some other agents were arrested,” additional DGP (CID) SV Ramana Murthy said in a press release.
Of the total 111 people accused in the case, till now 26 have been arrested and an amount of Rs 18.67 crore was recovered from them.