Another accused held for money laundering

Wardha: Sunny Holani, the second accused in money laundering racket involving financial irregularities like misuse of current accounts in Wardha, was arrested from Nagpur on Tuesday. He was produced before court which remanded him to three days of police custody.Wardha police traced Holani to a flat in Ajni on basis of IP address, said sources. Prelim findings indicate Holani provided multiple current accounts for online transfer of money linked to cricket betting. Cops suspect large-scale financial transactions were carried out through these accounts. During interrogation, Holani also reportedly disclosed the names of several cricket bookies operating in Wardha city. As per Wardha police, Holani has admitted to making available several current accounts to Dipesh Panjwani, Dipesh Sevlani and Ankur Jain. Police said a detailed search of Holani's residence will be conducted.Police are verifying the identities of the individuals named and examining related financial transactions.As per information gathered, Panjwani and Sevlani are suspected to have been active in various illegal financial activities for the past 4 to 5 years. The accused stated that Sevlani was operating a betting network from Goa, while Panjwani was involved in betting activities from Wardha, said police.Information from the accused also suggests the current accounts were used for hawala transactions.