This is for the first time in the city that electronic means have been used for a hawala racket.
The Sahar police arrested ten persons for allegedly operating a hawala racket from Mumbai while the money transactions were completed in Dubai via electronic transfers. This is for the first time in the city that electronic means have been used for a hawala racket.
According to the police, the money was deposited into bank accounts of fliers who would then hand over the ATM cards to their handlers in Dubai. Every day the handler withdrew 2,000 UAE Dirhams from ATM machines in Dubai. Moreover, 10,000 UAE Dirhams were handed over to each flier in Mumbai which was meant for purchasing electronic goods to be sold in Mumbai.
The Sahar police have seized 55 such ATM cards with 90,000 UAE Dirhams in different bank accounts. The hawala racket was operated to avoid detection of huge cash with the flier. Each flyer was promised Rs 13,000 for a week’s stay in Dubai.
“After opening the bank accounts, the hawala operators would deposit money into the bank accounts which would be withdrawn through ATMs and electronic transfers. 2,000 UAE Dirhams were withdrawn every day from the bank accounts of the fliers,” said a Sahar police officer.
Anil Kumbhare, Deputy Commissioner of Police, Zone 8, said, “We found 10 persons with 10,000 UAE Dirhams in their possession. The modus operandi was to conduct overseas transactions without being detected. We are yet to arrest four more persons and are investigating further.”
HAWALA PLAN
- Money is deposited into bank accounts of people flying from Mumbai to Dubai.
- The fliers gave their cards to handlers who would then use ATM machines in Dubai to withdraw the money.
- The fliers were also given money to purchase electronics to be later sold in Mumbai.
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