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Hawala scam: Cops arrest three, seize Rs40 lakh

With the help of central intelligence agencies, the Bharuch police have arrested three persons in connection with the seizure of Rs40 lakh suspected hawala money.

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With the help of central intelligence agencies, the Bharuch police have arrested three persons in connection with the seizure of Rs40 lakh suspected hawala money, Inspector general of Police Vadodara range, Pramod Kumar said.

“These arrests have been made from Bharuch city and will be produced before the court late in the evening for seeking their police remand, their arrests have been made under 465, 468, 420, 120 (b) and other provisions of IPC,” he said. Besides police, central intelligence agency, CBI and other agencies will also investigate into the case, Pramod Kumar said.

The police suspect an underworld link with the money changer and have arrested three persons including the owner of the foreign exchange firm.

The police officials have been receiving information and complaints regarding the Hawala scam at Bharuch earlier too. On the basis of the information and complaints received by the police officials, a detail investigation was initiated in this regard.

Meanwhile the state intelligence bureau also got the information regarding the Hawala scam being operated from Bharuch. On the basis of these, a joint operation by various agencies along with the Bharuch police was initiated, in which the police officials traced a money exchange firm named Al-Madina money changer.
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