Summary:
NASHIK: After accusations of hoarding and black-marketing, allegations of hawala transactions and links with Dubai continue to sting the prominent onion traders of Nashik. The Income Tax I-T ) department, which raided seven big onion traders in Nashik , now has evidence of their involvement in hawala transaction with Dubai connections.During the searches, conducted over two days, disproportionate assets were recovered from the traders. These onion traders have assets like luxurious homes and offices in Nashik and other places. It will take a few days," said the I-T sources.They added, "We have also found evidences that these onion traders were offering cash loans with interest rates upto 3% per month. "During searches, we recovered evidence proving that the traders are involved in hawala transaction with links to Dubai.".