HindustanTimes Sun,21 Sep 2014

'Hawala' money seized in Ludhiana, Jagraon

HT Correspondent, Hindustan Times  Ludhiana, May 23, 2013
First Published: 21:34 IST(23/5/2013) | Last Updated: 21:35 IST(23/5/2013)

Enforcement-directorate teams from Chandigarh and Delhi raided two money exchangers in Ludhiana and Jagraon on Thursday and confiscated Rs. 66 lakh and dollars worth Rs. 18 lakh in suspected hawala cash.


The team also seized documents recording transactions worth more than Rs. 100 crore. The squads raided Goyal Forex on the Rani Jhansi road in Jagraon, the exchanger's house, and the office of another exchanger, his nephew, at Ghumar Mandi in Ludhiana. Directorate officer Gurnam Singh said the teams had inputs about hawala money.

He confirmed that the teams had confiscated Indian and foreign currency and some documents from the shops to investigate. The raids were conducted under heavy police security.

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