Alleged Hawala Dealer Arrested by ED for Deals of Multiple Crores
On September 2, the Enforcement Directorate (ED) arrested alleged Hawala dealer Naresh Jain. Reportedly, the accused was involved in hawala transaction deals of multiple crores. The arrest was conducted under the provisions of Prevention of Money Laundering Act (PMLA). The agency is currently monitoring over 600 bank accounts and Rs 11,000 crore of overseas transfers. The officials stated that Jain was also arrested by the Narcotics Control Bureau (NCB) in the Past.