Tribune News Service
New Delhi, September 2
The Enforcement Directorate (ED) immediately mentioned it had arrested alleged hawala supplier Naresh Jain in a cash laundering probe linked to hawala transaction offers value a number of crores.
Officials within the company mentioned Jain had been arrested beneath the Prevention of Money Laundering Act (PMLA).
Over 600 financial institution accounts and abroad transfers of over Rs 11,000 crore are beneath scanner of the company on this case, the officers mentioned.
The Delhi-based businessman has been beneath the scanner of probe businesses for lengthy and in 2016 the ED had slapped a Rs 1,200 crore discover towards him for alleged contravention of the foreign exchange legislation.
The company has alleged that Jain laundered and routed hawala funds for a few years and financed contraband networks. He was additionally arrested by the Narcotics Control Bureau (NCB) up to now and the ED case relies on this criticism.