Hawala trader held foreign currency worth Rs 50L seized

  • | Wednesday | 18th July, 2018

The accused has been involved in Hawala trader for past several years and suspected to be a frequent flyer to gulf countries.“Usually the big Hawala rackets hire couriers to fly them around the globe to deliver packages. He has been handed over to the customs sleuths for further interrogation.ATS IG Biju George Joseph said that Jain’s son was also arrested in November 2017 by customs at Jaipur International Airport in a similar case. But we suspect that he himself ran a Hawala operation and delivered money to others people who are part of the chain,” an official said.The ATS has been on the lookout for suspects involved in money laundering and Hawala transactions. Jaipur: A 50-year-old hawala trader was detained by Rajasthan Anti-Terrorist Squad (ATS) from the Jaipur airport on Tuesday and recovered foreign currency of several countries, including Saudai Arabia, Bangaldesh and Oman worth about Rs 50 lakh.According to ADG Umesh Mishra the ATS acted on specific information and arrested one Anil Jain, a native of Kishangarh in Ajmer had been living in Jaipur for past many years. “We have recovered foreign currencies of Bangladesh, Oman, Qatar and Bahrain,” he said, adding that the accused had come to the airport to board a Dubai bound flight.The ATS said that total value of currency according to the present exchange rates amounts anywhere between Rs 45 lakh to 50 lakh.

Jaipur: A 50-year-old hawala trader was detained by Rajasthan Anti-Terrorist Squad (ATS) from the Jaipur airport on Tuesday and recovered foreign currency of several countries, including Saudai Arabia, Bangaldesh and Oman worth about Rs 50 lakh.According to ADG Umesh Mishra the ATS acted on specific information and arrested one Anil Jain, a native of Kishangarh in Ajmer had been living in Jaipur for past many years. He has been handed over to the customs sleuths for further interrogation.ATS IG Biju George Joseph said that Jain’s son was also arrested in November 2017 by customs at Jaipur International Airport in a similar case. “We have recovered foreign currencies of Bangladesh, Oman, Qatar and Bahrain,” he said, adding that the accused had come to the airport to board a Dubai bound flight.The ATS said that total value of currency according to the present exchange rates amounts anywhere between Rs 45 lakh to 50 lakh. The accused has been involved in Hawala trader for past several years and suspected to be a frequent flyer to gulf countries.“Usually the big Hawala rackets hire couriers to fly them around the globe to deliver packages. But we suspect that he himself ran a Hawala operation and delivered money to others people who are part of the chain,” an official said.The ATS has been on the lookout for suspects involved in money laundering and Hawala transactions. “These matters have to pursued actively as there is always a lingering suspicion about money being used for terror funding,” an official said, adding that Jain has been handed over to the customs which has been tasked with investigating the matter.The ATS sleuths said that the accused was on their radar for a very long time.

If You Like This Story, Support NYOOOZ

NYOOOZ SUPPORTER

NYOOOZ FRIEND

Your support to NYOOOZ will help us to continue create and publish news for and from smaller cities, which also need equal voice as much as citizens living in bigger cities have through mainstream media organizations.


Stay updated with all the Latest Jaipur headlines here. For more exclusive & live news updates from all around India, stay connected with NYOOOZ.

Related Articles