Photo: Getty Images
Former Minister Babu Singh Sent To Judicial Custody
A Special Court in Jammu has sent Babu Singh, a former state minister, to judicial custody for 30 days, in connection with the Hawala scandal. Singh had been absconding since March and was taken into custody by the police only on April 9. Mohammed Shareef Shah, another person accused in the case, has also been sent to judicial custody. The next hearing is slated for May 15.
Tags: Legal, Crime, Judicial Custody, Hawala, scam
Courtesy: ANI
Picture: The Indian Express
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… read-more
Tags: arrested, scam, business, Crime, Hawala
Courtesy: PTI
Photo: DNA India
IT Department Searches Chinese Entities Over Hawala and Money Laundering
After the Income Tax Department conducted a search operation against some Chinese entities, evidences gathered indicated that they were involved in money laundering and "hawala" transactions involving Hong Kong and US dollars. "Search action revealed that, at the behest of Chinese individuals, more than 40 bank accounts were created in various dummy entities, entering into credits of more than Rs.1000 crores over the period," said CBDT … read-more
Tags: Income Tax, Raid, Chinese goods, Hawala
Courtesy: CNBCTV18
