Crackdown on hawala operatives in Punjab, Haryana

Tribune News Service

New Delhi, October 27

Income Tax Department sleuths have raided hawala operatives and individuals, who prepare fake bills, across Punjab, Haryana and Delhi and recovered cash and jewellery worth Rs 5.26 crore, the Central Board of Direct Taxes (CBDT) said today.

The searches were carried out on 42 premises in Delhi-NCR, Haryana, Punjab, Uttarakhand and Goa on Monday, the CBDT said.

The action was carried out against “a large network of individuals running the racket of entry operation (hawala like operation) and generation of huge cash through fake billing”, CBDT officials said.

During the raids, Rs 2.37 crore cash and jewellery worth Rs 2.89 crore was found along with 17 bank lockers, which were yet to be searched, the officials said.

“The search has led to seizure of evidences exposing the entire network of the entry operators, intermediaries, cash handlers, the beneficiaries and the firms and companies involved. So far, documents evidencing accommodation entries (hawala) of more than Rs 500 crore have already been found and seized,” the CBDT later said in a statement.

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