New Delhi: The Enforcement Directorate (ED) claimed that hawala dealer Naresh Jain and his associates have so far obtained black money of Rs 565 crore from their global network. The investigating agency said that it had filed a case against Jain and others before the special court on October 28 under criminal sections of the Prevention of Money Laundering Act (PMLA). “The court took cognizance of the charge sheet on November 2 and issued a non-bailable warrant against the four accused absconding in the case,” the ED said in a statement.
In September, Jain was arrested by the ED in September as part of an investigation into money laundering involving suspected transactions of over Rs 1 lakh crore through over 550 undercover companies. The ED claimed, the investigation found that Jain had committed a criminal conspiracy with his associates to harm the government treasury and banks by making entries about the beneficiaries, including illegal foreign transactions. The ED said that Jain, his associates have so far collected Rs 565 crore from the money in exchange for hawala and this transaction. The agency is investigating the role of Jain and his associates on the basis of an FIR lodged by the crime branch of the Delhi Police in 2018 and a criminal complaint by the Narcotics Control Bureau in 2009.
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