Rs 6.7 crore seized cash belongs to Balasai Baba?

A real estate businessman Rama Rao from Kurnool on Thursday claimed the Rs. 6.70 crore cash which was found in a three-wheeler and seized by the police on Wednesday before the DGP office, according to the police.

But he backed off when rumors suggested that the money belonged to the godman Balasai Baba also of Kurnool who has an ashram in Hyderabad, according to sources.

The police on Thursday afternoon announced that a businessman Rama Rao claimed the money and they are questioning him. The police had sought an explanation from him as to why he transported such a huge amount in an auto rickshaw without any security and why the auto driver fled when he saw the police.

According to the police Rama Rao said that he had sent the money to buy land in Hyderabad.

According to reliable sources, police suspect that the amount could have been shifted from the trust of Balasai Baba. However, the police have not confirmed that the money belonged to the trust, but police are probing this angle also.

- Siva@sakshipost