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Black Money Row: ED Conducts Raids in 6 Cities Against Hawala Operators

News18.com

First published: November 30, 2016, 8:45 PM IST | Updated: 2 days ago
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Black Money Row: ED Conducts Raids in 6 Cities Against Hawala Operators
Representative photo (Reuters)

New Delhi: As part of its drive against black money and money laundering, the Enforcement Directorate (ED) on Wednesday conducted searches in 6 cities across the country.

The searches were conducted in Delhi, Mumbai, Kolkata, Guwahati, Chennai and Bangalore.

Old currency notes worth Rs 1 crore, foreign currency notes worth Rs 50 lakh and new currency notes worth Rs 20 lakh were recovered from Hawala operators during the raids.

Earlier, widening the probe into illegal money changers, the Enforcement Directorate is keeping track of as many as 67 forex dealers across the country to look into foreign exchange violations and money laundering after the government scrapped old 500 and 1,000 rupee notes.

In a parallel manner, the Income Tax Department conducted surveys across the country to check hawala money exchange while DGCEI visited big jewellers to examine stock and sales details.

ALSO READ: ED Keeping an Eye on 67 Forex Dealers Exchanging Old Rs 500 and Rs 1,000 Notes

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