Bengaluru: Bengaluru police have busted a Rs 31.5 crore money laundering racket and arrested four people in connection to the matter.
The accused have been identified as Fazal, Faisal, Mohammed Sahil and Abdul Manas.
This comes after one of the accused, Sahil, who was arrested for allegedly holding a machete inside an ATM earlier, was taken to his residence where the police found bundles of bank slips of money credited to various accounts.
The accused got information of bank accounts through WhatsApp and a merchant would visit their residence to hand them the cash.
The police have also recovered 2,656 cash deposit receipts from the accused.