ED carries out searches at 16 premises of alleged hawala operators, recover Rs 3.65 crore

Some of the hawala operators worked in close association and used each other's network for carrying out illegal transfer of money, officials alleged.

Published: 19th July 2018 06:01 PM  |   Last Updated: 19th July 2018 06:01 PM   |  A+A-

Rs 2000, cash,money

Image used for representational purpose only.

By PTI

NEW DELHI: The Enforcement Directorate (ED) has carried out searches at 16 premises of alleged hawala operators in Delhi and adjoining areas and recovered Rs 3.65 crore, including foreign currency worth Rs 46 lakh, officials said today.

During the searches, which were carried out on the business premises, offices and residences, the ED seized Indian currency amounting to Rs 3.19 crore and foreign currencies amounting to about Rs 46 lakh, thus making a total seizure of worth about Rs.3.65 crore, an official said.

These operators were involved in huge hawala transactions across several countries.

Some of the hawala operators worked in close association and used each other's network for carrying out illegal transfer of money, the official alleged.

Articles which were seized include several documents related to hawala transactions, property related documents, chequebooks, diaries of contacts of hawala operators and their networks.

Besides this, 11 laptops, 62 mobile phones, one Macbook, two ipads, four hard disks, four pen-drives and nine CDs connected with hawala transactions have also been seized, the official said.

The accused will be examined for violation of FEMA rules.

For this operation, about 60 ED officials were deputed at 16 premises in Delhi and NCR, another official said.

"These raids by the ED have made a big dent in the existing hawala networks in Delhi and their associates in India and abroad and it could further lead to unearthing of deeper roots of hawala networks which bleed the country," he said.

Stay up to date on all the latest Nation news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

facebook twitter whatsapp