Daijiworld Media Network - Bengaluru (SP)

Bengaluru, Nov 5: A person, who had acted in one Kannada film, and his associate were arrested by the police when delivering a consignment to a financier. The consignment contained one 7.65 mm country-made pistol and ten rounds of live bullets. The financier and his assistant also have been picked. With these arrests, a racket of peddling arms was unearthed.

The financier in question already faces a case of being in possession of new currency notes worth Rs 1.98 crore. Reportedly he was a part of the currency exchange racket in which demonetized currency notes are converted into the new notes. The actor in question has been identified as Jagadish S Hosamata alias Jaguar Jaggi (31), who had acted in the movie, 'Sarkar: The Bullet', which was released in March this year.

Jaggi initially claimed that he was innocent and that he was asked to deliver the parcel, contents of which were unknown to him, by a friend. Later, the police recovered another 7.65 mm pistol and 11 rounds of live ammunition from Ganeshpet, Hubballi. The three others arrested in the case are Mohammed Nizam (25) from HAL, who happens to be a friend of Jaggi, Syed Sameer (32), a financier operating in K Narayanapura here, and his associate, B G Satish Kumar (44) living in New Tippasandra here.

In the past, Kothanur police had recovered Rs 1.98 crore in new currency notes from Syed Sameer's apartment complex. He has obtained anticipatory bail in the case. The police say that Syed had collected Rs 3.5 crore from different businessmen, duly promising them to exchange them with new currency notes for a commission. However, when pressure for returning the money increased, he thought of acquiring firearm to protect himself, it is said.

Jaggi and Nizam had reached HAL on October 23 and were waiting for the arrival of Satish for handing over the parcel containing pistol and bullets, when they were apprehended. On the basis of information provided by them, another pistol and live bullets were recovered. It is said that the pistols were acquired by a Dharwad person from Varanasi. The financier had agreed to pay a price of four lac rupees for two pistols and 21 bullets, it is gathered.