The stringent curbs on gold imports has resulted in a huge flow of smuggled gold, being financed by buying dollars from the hawala market.
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 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.
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.
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'.
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.
The federal agency issued a statement, saying it has attached fresh assets worth more than Rs 35 crore that are "beneficially-owned and controlled" by the PFI "in the name of various trusts, companies and individuals" as part of its ongoing probe against the outfit and entities linked to it.
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.
Basheer surrendered on Tuesday night before the Q branch, which is dealing with the cases related to LTTE in the state.
Chief Minister Arvind Kejriwal was 'party to the criminal conspiracy' of the formulation and implementation of the Delhi Excise Policy since the beginning, the Central Bureau of Investigation (CBI) has alleged in its latest supplementary charge sheet in the case.
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.
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.
The court sentenced Patkar after considering the evidence before it and the fact that the case went on for over two decades.
'An entire operation was running systematically prior to the revoking of Article 370.'
The police sought two-day custody of alleged hawala operator Nathu Singh, who was arrested on Friday night.
At a time when none in Kerala's Left politics questioned the chief minister's authority, MLA P V Anvar hurled a series of accusations against Pinarayi Vijayan's government, notes Shyam G Menon.
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 CBI on Thursday arrested Bharat Rashtra Samithi (BRS) leader K Kavitha in connection with a corruption case linked to the alleged Delhi excise policy scam, officials said.
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.
The disgraced 'god man' and his son apparently didn't leave any field of criminal activity untouched, says Vicky Nanjappa
The Special Investigation Agency (SIA) has arrested two more persons, including a policeman, for allegedly being part of a cross-border narcotic syndicate involved in terror funding in Jammu, officials said on Wednesday.
2000 India-South Africa series: Court says some matches fixed, attempts made to fix others
Authorities were gearing up to question Geelani following claims made by his aide G M Bhat that the money was meant for Geelani and his Tehreek-e-Hurriyat, an amalgam created as a parallel to Hurriyat Conference led by Mirwaiz Umer Farooq.
The CBI has alleged that Singh had transferred funds through hawala channels to Chariot Media that was handling the AAP's publicity campaign during the Goa elections, the officials said.
According to jail sources, the Directorate had given to Koda a questionnaire of over 100 queries that it had prepared based on the investigations carried out by it over the last three months and the statement of Koda's aide Vikash Sinha.
In a relief to former Aam Aadmi Party communication in-charge Vijay Nair, the Supreme Court on Monday granted him bail after nearly 23 months of incarceration in a money laundering case stemming from the alleged Delhi excise policy scam, observing that liberty is 'sacrosanct' and needs to be respected in cases involving even stringent laws.
The taxman, said the party 'incorrectly disclosed the hawala money as voluntary donations'
Mishra alleged that the Aam Aadmi Party received money from a company of Delhi based lawyer Rohit Tandon, whose assets worth crores have been attached by the Enforcement Directorate over alleged money laundering after demonetisation.
Raninder Singh is accused of being involved in a hawala deal.
