Hyderabad, May 14 -- The city police on Sunday seized Rs 1.64 crore from a house, which was gutted in a fire accident in Regimental Bazaar of Secunderabad. It is suspected that the money seized is hawala money. The police have also seized huge quantities of gold and silver ornaments from the house.

The owner of the house, Srinivas is not in the city currently. The police say that he has gone to his place of work and added that Srinivas was working as a DGM in a private company. The police found that Srinivas was also doing government electricity contracts. The police have now informed about the seizure of money to the Income Tax department officials, who reached the spot and started an inquiry.

The police are focusing their attention on...