Udupi: Rowdy sheeter Praveen Kulal who was brutally hacked to murder on Monday December 19 was allegedly involved in exchanging of old Rs 500 and Rs 1000 notes to the new currency notes on commission basis, said sources.

Disputes in this dealing might be the cause of hi murder. He was assuring to turn the black money into white and people met him to turn their black money into white he was threatening them. It is suspected that this nature of Praveen was might be one of the reasons behind his murder, believed sources.

Moreover, the sources have also confirmed that the murder was a pre-planned and the person who was with Praveen during the time of attack had set up the trap for Praveen’s death.

Santhosh Madivala who was with Praveen and set up the trap has informed the attackers about Praveen’s presence and when attackers Latesh and Puttige Santhu came on a bike he threw tar on Praveen’s face to distract him.

Praveen ran to get his machete from the car, but soon he was attacked by the assailants. Praveen also took his dummy revolver to threaten the assailants, but the effort went in vain. At that time Santhosh fled from the spot.

Praveen also tried for counter attack by snatching the coconut cutting knife from a vendor. But the he was attacked so brutally that he couldn’t able to save himself.

Police have formed two teams under the leadership of DCIB Inspector Sampath Kumar and Brahmavar Circle inspector Srikanth to find the accused.