The agency conducted a day long search at various offices of the businessman across the national capital, including Karol Bagh and Chandini Chowk areas recently and seized a large number of documents showing foreign bank accounts, unaccounted investments and receipts and payments showing hawala transactions worth several hundred crore rupees, officials said on Thursday. The accused is one of the leading importers of the Chinese mobiles.
Investigators probing the failed Times Square bombing suspect that a hawala racket was used to fund the terror plot. Hawala is the most common source of funds for terror operations and the global underground racket amounts to a whopping Rs 8000 crore. Sources in the Financial Intelligence Unit say that Indian hawala operations account for a massive Rs 2000 crore.Most hawala transactions that fund terror operations originate in Pakistan.
A woman Jet Airways employee was allegedly trying to smuggle out foreign currency worth over Rs 3 crore.
Special judge for Central Bureau of Investigation cases Kaveri Baweja took note of the charge sheet on Monday observing that there was sufficient evidence to proceed against her in the case.
Jet Airways (India) termed the allegation made by Nancy Heckerman of US-based aviation outfit that money raised by Jet through public offer was pumped into the market through the 'hawala' route as "baseless".
After charge-sheeting Ramalinga Raju and others in the multi-crore rupee accounting fraud at Satyam, the Central Bureau of Investigation is trying to ascertain the role of 'hawala' operators who allegedly brought in crores of rupees from abroad.
A suspected hawala operator, who allegedly handed over Rs 10 lakh to fugitive Indian Mujahiddin operative Yasin Bhatkal for executing the July 13 triple blasts that killed 27 people in Mumbai, has been arrested from Delhi, the Maharashtra Anti Terrorism Squad said on Tuesday.
Nine out of ten terror cases that are reported have had a hawala transaction, reports Vicky Nanjappa
'Media reports have highlighted that hawala money is coming from Arab countries. And this money is used to create disturbances in Jammu and Kashmir.'
A female agent working for the Pakistani intelligence from Mangalore oversees hawala transactions that help pump money to terror outfits. Vicky Nanjappa reports
The stringent curbs on gold imports has resulted in a huge flow of smuggled gold, being financed by buying dollars from the hawala market.
The Enforcement Directorate has seized the largest ever cash haul of Rs 9.28 crore from a Hawala dealer operating from Connaught Place in New Delhi after a night-long operation.
A trends study conducted by India's Financial Intelligence Unit (FIU) has expressed suspicion that cryptocurrency is being used across the country in serious criminal acts like terrorist financing, fuelling secessionist activities, cybercrime, narcotics trafficking, illegal betting and gambling. The report, which was based on suspicious transaction reports and operational analysis, shared these trends and credible intelligence with law enforcement agencies.
Senior Hurriyat leader Syed Ali Shah Geelani has been asked by probe agencies not to leave Delhi to face investigations in connection to the recently unearthed Hawala money trail in Kashmir.The Hurriyat faction led by Geelani, who is a leader of the Jamaat-e-Islami, attempted to downplay the investigations in the Hawala case. The outfit also called a bandh in the Valley on Tuesday for the 'harassment' of their leader in Delhi.
A man wanted by the Enforcement Directorate in a 'cash-for-votes' case-linked money laundering investigation in Maharashtra has been apprehended at the Ahmedabad international airport, official sources said on Wednesday.
Hussain, the agency said, has been 'arrested in connection with ongoing PMLA investigation into his role in money laundering and funding of anti-CAA protests and organising riots in north-east Delhi during February, 2020'.
The Delhi government's Anti-Corruption Branch (ACB) has registered a case against former PWD minister and senior AAP leader Satyendar Jain over alleged corruption in a Rs 571-crore CCTV project. According to the ACB, Jain allegedly accepted a bribe of Rs 7 crore to waive the liquidated damages penalty of Rs 16 crore imposed on Bharat Electronics Limited (BEL). The project, which was executed when he was a PWD minister in the previous Arvind Kejriwal government, was related to the installation of 1.4 lakh CCTV cameras across all 70 assembly constituencies.
Around Diwali, the premiums had gone up to as much as 3.5 per cent.
Former Jharkhand chief minister Madhu Koda, who is under the Income Tax scanner for alleged hawala transactions, was on Tuesday admitted to a hospital in Ranchi after he complained of illness.
A former senior Central Bureau of Investigation official was on Monday sentenced to one-year imprisonment by a Delhi court for demanding and accepting bribe for not invoking TADA against the Jain brothers in the controversial 1991 Jain hawala case.
Investigators suspect that the LeT module that executed the blasts received large funding from their patrons abroad and the money was routed through hawala operators in Mumbai and around.
A senior police officer said in Srinagar that a local trader had been arrested by the special operations group of the state police from the uptown Hyderpora locality of Srinagar a few days back.
The Jammu and Kashmir police on Monday arrested a Lashkar-e-Tayiba operative in Budgam district of central Kashmir, a police spokesman said.
The department raided more than 35 premises in Maharashtra's capital city on February 25, and the Central Board of Direct Taxes (CBDT) said in a statement on Thursday that 'preliminary investigation indicates that these contractors have evaded income to the extent of Rs 200 crore on account of...malpractices'.
Basheer surrendered on Tuesday night before the Q branch, which is dealing with the cases related to LTTE in the state.
Kashmiri separatist leader Syed Ali Shah Geelani, facing probe in a hawala case, was on Tuesday stopped by the Delhi police from going to Srinagar after he tried to leave the city despite a notice by police against him.
The National Investigation Agency which seized hawala money to the tune of Rs 2,500 crore with the assistance of the income tax department on Tuesday, says that the racket is multi-pronged, and could be connected to terror group. Vicky Nanjappa reports.
Alleged Hawala kingpin Naresh Kumar Jain, arrested by the the Narcotics Control Bureau, was booked on Tuesday under the Prevention of Money Laundering Act by the Enforcement Directorate. The Directorate, which had in September booked Jain under the Foreign Exchange Management Act, is likely to seek his remand soon.
Former Jharkhand Chief Minister Madhu Koda, who failed to appear before the Enforcement Directorate on Thursday, has sought time for his appearance, saying his documents are not ready. Koda, along with his associates, has been accused of being involved in a Rs 2000-crore hawala scam.According to one of his advocates, Koda has sought time as some of his documents, wanted by the ED, were either with the Income Tax Department or with the State Vigilance Department.
Statements of five 'Angadiya' firm operators have also been recorded by the ED to establish the "money trail" of this alleged Rs 45 crore bribe amount.
A New York man has pleaded guilty for operating a 'hawala' racket between United States and Pakistan, transferring funds to fellow Pakistani Faisal Shahzad, who used it for his botched car bombing plot at Times Square last year.
The agency sources said that the CBI has registered a case against officials of four banks -- State Bank of India, State Bank of Mysore, ICICI Bank and Kotak Mahindra Bank.
T K S Elangovan has alleged senior bank officials forged documents and faked authorisation from the RBI, to transport huge sums of hawala money during recent elections in the state.
The police sought two-day custody of alleged hawala operator Nathu Singh, who was arrested on Friday night.
Jain was being tracked by detectives in London, the United States, Holland, Italy, Spain and the UAE when he was arrested in New Delhi on Sunday. Britain's Serious organised Crime Agency said Jain controlled a worldwide money laundering system that, at its height, was capable of moving $2.2 billion every year.
Jain's residence was searched by sleuths of Enforcement Directorate during which they claimed to have recovered an unaccounted cash of Rs 60 lakh from his residence in Pitampura of North Delhi, official sources said.
Seventeen persons, including four hailing from Taiwan, were arrested by Ahmedabad Cyber Crime Branch for allegedly operating a nationwide 'digital arrest' racket, a Gujarat police official said on Monday.
The disgraced 'god man' and his son apparently didn't leave any field of criminal activity untouched, says Vicky Nanjappa
