Hawala

A 48-year-old Delhi based garment trader allegedly working as an agent in routing hawala money to terror outfits Lashkar-e-Taiba (LeT) and Al Badr has been arrested from here, police said on Friday. Mohammad Yaseen, a resident of Turkman Gate here, was arrested in a joint operation by police from Delhi and Jammu and Kashmir and central agencies on Thursday, they said. During interrogation, Yaseen revealed to the police that hawala money was being routed to India through South Africa and collected in Surat and Mumbai. He ran a garment business in Meena Bazaar and was the Delhi link to send this money to terror operatives in Jammu and Kashmir through couriers, Special Commissioner of Police (Special Cell) HGS Dhaliwal said. The officer said recently, Rs 24 lakh hawala money was sent from South Africa to support terror activities in India. Out of this, Yaseen transferred Rs 17 lakh through two couriers to a terror operative named Abdul Hamid Mir in Jammu and Kashmir. The police, howe

Finds links to Hawala sale of medicines to Afghanistan

Decentralized finance needs to give up on its techno-anarchist utopia, and get more real and centralized. Otherwise DeFi lending will enter annals of finance as failure where hawala has been success

The National Investigation Agency swooped on more than a dozen locations in Mumbai linked with Pakistan-based mafia don Dawood Ibrahim Kaskar's associates, drug-peddlers and hawala operators on Monday

The case is linked to alleged dubious transactions worth over Rs 1 trillion made using over 550 shell firms over the last few years

I-T dept has seized a number of documents and computer peripherals and has recovered about Rs 60-70 lakh cash from multiple premises in the Delhi-NCR region till now

In their crackdown on these Chinese companies, the tax authorities launched an extensive search operation at 21 premises across Delhi, Ghaziabad and Gurugram

The IT department seeks Congress' explanation for receiving the funds from a company as part of its tax evasion probe.

The Board, the policy-making body for the I-T department, however, did not identify the entities raided

Yesterday, searches were conducted at Dhinakaran's residence in Chennai as part of the probe