Hawala

  • Hawala racket busted in Patna, three arrested 05-07-2014 12:02 AM

    The Patna police busted a hawala racket on Friday after arresting three people, police said. A police team arrested three people near Gandhi Maidan here and recovered Rs.16 lakh in cash and 36 ATM cards from their possession, Patna Senior Superintendent of Police Manu Maharaj said. "We have been interrogating...
  • Moin Qureshi hawala probe: CBDT refuses to share details with the CBI 25-06-2014 09:51 AM

    New Delhi: The Central Bureau of Investigation (CBI) is at loggerheads with the Central Board of Direct Taxes (CBDT) over the probe into the Moin Qureshi Hawala case. The CBDT has refused to share details regarding the probe with the CBI. The CBI had sought details after reports emerged that...
  • HC rejects multi-crore hawala scam accused Afroz Fatta's plea 10-05-2014 07:59 AM

    Ahmedabad: Gujarat High Court today rejected the petition of Rs 700 crore hawala racket accused Afroz Fatta and his sister Fozia Godil, challenging ED's action against them and demanding to quash procedure under the Prevention of Money Laundering Act. "The petition is rejected as the action of Enforcement Directorate (ED)...
  • ED files fresh FIR against hawala operator Afroz Phatta 30-04-2014 03:46 PM

    New Delhi: The Enforcement Directorate has filed a fresh FIR against Afroz Phatta, who was arrested last month in Surat in connection with an alleged hawala racket to the tune of Rs 700 crore, on money laundering charges. Sources said Phatta, who was summoned by the ED, appeared before officials...
  • India @ 9 with Rajdeep Sardesai 28-04-2014 10:28 PM

    Catch the day's top stories with Rajdeep Sardesai on India @ 9. ...
  • Congress questions Modi on alleged 'hawala' kingpin 28-04-2014 06:21 PM

    The Congress on Monday targeted BJP's prime ministerial candidate Narendra Modi, questioning his links with an alleged "hawala kingpin" whose house and office in Surat were searched by the Enforcement Directorate last month. Congress party spokesman Randeep Surjewala alleged that the "hawala kingpin" was a "well-known BJP supporter and protege...
  • Congress says Modi has links with a hawala operator, releases photos 28-04-2014 03:36 PM

    After Bharatiya Janata Party Prime Ministerial candidate Narendra Modi accused Congress leader Ahmed Patel of being involved in a hawala racket, the Congress has hit back. The Congress has accused Modi of having links with a hawala operator. The Congress claimed that the Enforcement Directorate of Surat and Ahmedabad had...
  • IPL spot-fixing: Panel says hawala money, terrorist elements involved 10-02-2014 06:58 PM

    New Delhi: Influx of hawala money and involvement of terrorist elements in betting and fixing of sports is causing serious threat to national security, a report of a high-level panel said on Monday in the Supreme Court while recommending setting up of a SIT to probe such cases. "It is...
  • Lajpat Nagar heist: Mastermind surrenders to police 03-02-2014 09:57 AM

    New Delhi: The alleged mastermind of the Lajpat Nagar heist case has surrendered to the police. According to sources, Ajay surrendered to the Madangir police early on Monday. Ajay is reportedly a relative of the juvenile already apprehended by the police in the case. The total number of arrests in...
  • Lajpat Nagar heist: Police claims breakthrough, says most accused identified 31-01-2014 09:37 AM

    New Delhi: The Delhi Police has claimed a breakthrough in the Lajpat Nagar heist case. On Friday, it said that it has identified most of the accused in the case and has made a few detentions. It is yet to make any arrests, however. The police said that there are...
  • Lajpat Nagar robbery: Honda City car was used by Vindu Dara Singh, reveals probe 30-01-2014 08:24 AM

    New Delhi: New and interesting details have been emerging in the Lajpat Nagar robbery case where over Rs 7 crore were stolen from a Honda City car in broad daylight. Investigations now reveal that this car was used by Vindu Dara Singh when he was arrested by the Mumbai Police...
  • Rs 6 crore looted from car in broad daylight in Delhi's Lajpat Nagar 28-01-2014 12:21 PM

    New Delhi: In a huge heist near Delhi's Lajpat Nagar area, nearly Rs 6 crore were stolen from a Honda City car on Tuesday morning. The incident happened around 9.30 am. According to the police, the robbers came in a WagonR. The complainant has told the police that his car...
  • Coimbatore: Nearly Rs 59 lakh of 'Hawala money' recovered from 52-year old man 04-09-2013 09:31 AM

    Nearly Rs 59 lakh was seized from a person who got down in Coimbatore from a bus coming from Chennai in the wee hours of Tuesday. Based on tip off, police kept vigil in the Thiruvallur Bus Stand and searched the baggage of 52-year old Abubacker and found the money,...
  • Mumbai NIA-I-T raids: Cash haul at Rs 10 crore 03-07-2013 10:42 AM

    Mumbai: The total amount of cash haul in the high-profile Mumbai raid by the National Investigation Agency and the Income Tax department stands at Rs 10 crore. Initial investigation suggests that the money was intended for payment of rough diamonds. The police are also valuing the jewellery that was seized....
  • Hawala money haul: Four trucks raided at Mumbai Central Station 02-07-2013 10:43 AM

    Mumbai: Raids were carried out in Mumbai in what appears to be a massive hawala transaction. In a joint operation, the NIA and the I-T department raided four trucks at the Mumbai Central station on Monday evening. These four trucks were reportedly carrying boxes with valuables. Each of the trucks...
  • Punjab: ED unearths Rs 500 crore drugs-hawala nexus 02-06-2013 02:15 PM

    New Delhi: The Enforcement Directorate has unearthed a huge nexus of illegal drug smuggling money to the tune of Rs 500 crore being laundered and routed through hawala operations in Punjab. The agency, in its operations in the first six months in the state, has stumbled upon a regular modus...
  • IPL spot-fixing: I-T begins probe in hawala transactions 22-05-2013 07:29 PM

    New Delhi: In more trouble for the arrested cricketers and bookies in the IPL spot-fixing scandal, the Income Tax department has begun a probe into alleged hawala and illegal cash transactions and will question them. The I-T department has got in touch with the investigators of the Delhi police and...
  • Rs 55 cr invested in Jagan companies through hawala: CBI 09-04-2013 07:22 PM

    New Delhi: Dalmia Cements, named as accused in the CBI chargesheet in disproportionate assets case against Jagan Mohan Reddy, has allegedly invested Rs 55 crore through hawala route in the cement companies promoted by the YSR Congress chief. CBI sources claimed they have got money trail of Rs 55 crore...
  • Is the government hiding the truth on black money? 09-11-2012 11:22 PM

    Reliance Industries Limited, the HSBC bank, the Dabur group have all denied the charges levelled against them by India Against Corruption activist-turned-politician Arvind Kejriwal who accused their chiefs of having crores of cash deposits in Swiss bank accounts where money, he alleged, was transferred through hawala. ...
  • Jaipur: I-T raids jeweller, recovers assets worth Rs 100 crore 06-11-2012 01:18 PM

    Jaipur: Income Tax department raided a jeweller's shop in Jaipur and recovered assets worth Rs 100 crore. The assets include cash amounting to Rs 1.5 crore. Jewellery worth Rs 1.5 crore and gold bricks worth Rs 70 lakh have also been recovered. Sources say the Income Tax department carried out...
  • Former Jharkhand CM Madhu Koda granted bail 05-04-2012 02:05 PM

    Ranchi: The Jharkhand High Court on Thursday granted bail to former state chief minister Madhu Koda, who was in prison for over two years in connection with illegal investments and hawala transaction case. Koda, who was in judicial custody since November 30, 2009, was granted bail by the single bench...
  • J&K: Court frames charges against Geelani's aide 03-03-2012 05:06 PM

    New Delhi: Charges were on Saturday framed against a close aide of hardline Hurriyat leader Syed Ali Shah Geelani and three others, arrested for allegedly running hawala racket to fund banned terrorist outfit Hizbul Mujahideen in Kashmir Valley, by a Delhi court, paving the way for their trial. District Judge...
  • Charges to be framed against Geelani aides 03-03-2012 09:27 AM

    New Delhi: A Delhi court on Saturday accepted a plea for a trial of a close aide of Hurriyat leader Syed Ali Shah Geelani and three others. They have been allegedly running a hawala racket to fund banned terrorist outfit Hizbul Mujahideen in the Kashmir valley. The court decided to...
  • ED to attach assets of Hasan Ali, Tapuriah 04-11-2011 01:05 PM

    New Delhi: The Enforcement Directorate will attach an estimated Rs 50 crore of assets of Pune stud farm owner and alleged tax defaulter Hasan Ali Khan and his Kolkata-based associate Kashinath Tapuriah in a money laundering case. The Adjudicating Authority of the agency based in Delhi recently endorsed an order...
  • HC asks Hasan Ali to move special court for bail 29-04-2011 06:10 PM

    Mumbai: Refusing to grant bail to Pune-based stud farm owner Hasan Ali Khan, accused of stashing away billions of dollars in overseas accounts, the Bombay High Court on Friday asked him to approach the special court handling Prevention of Money Laundering Act cases. Disposing of Khan's bail application, Justice RC...
  • Hasan Ali's link to gun-running, terror exposed 03-03-2011 10:45 PM

    New Delhi: The black money case has brought the focus back on Hasan Ali, a man known as the king of money launderers in India. Ali is under investigation by the Income Tax Department for laundering upto Rs 40,000 crore. CNN IBN unravels Hasan Ali's money trail, which is allegedly...
  • Act against India's top tax evader: SC to Govt 03-03-2011 03:18 PM

    New Delhi: The Supreme Court wants the Centre to explain why no action has been taken against India's biggest tax defaulter and alleged hawala operator Hasan Ali Khan so far. A bench of justices B Sudershan Reddy and SS Nijjar asked why Ali and other alleged black money launderers have...
  • Geelani asked not to leave the capital 21-02-2011 08:18 PM

    New Delhi: The recently unearthed Hawala trail in the Kashmir valley points to money being allegedly passed to senior Hurriyat leaders including Syed Ali Shah Geelani following which the separatist leader has been asked not to leave Delhi to face investigations. Sensing trouble, the Hurriyat faction led by Geelani, who...
  • IT Dept imposes Rs 40k cr penalty on Hasan Ali 18-02-2011 06:45 PM

    Mumbai: The Income Tax Department on Friday imposed a huge penalty of Rs 40,000 crore on businessman Hasan Ali Khan, a 56-year-old alleged stud-farm owner and one of the main accused in the multi-million dollar tax evasion and money laundering case. Hasan Ali on Friday presented himself before the Income...