JALANDHAR: The enforcement directorate (ED) conducted simultaneous raids in Jalandhar, Ludhiana and Delhi on Friday and recovered money received through hawala channels. It is learnt that the directorate also seized documents pertaining to hawala transactions running into a few hundred crores.
The raid in Jalandhar was conducted at Happy Forex Pvt Ltd in Adda Hoshiarpur in the early afternoon. The team was accompanied by a heavy posse of CRPF and Punjab Police. They conducted thorough search in the office when according to eye witnesses one person escaped with a bag from the roof of the foreign exchange company.
Though ED officials remained tight-lipped about the raids, sources revealed that these people were on ED radar for a long and were carrying out hawala transaction at the behest of some individuals as well as some companies based abroad. These hawala operators were being used for sending funds in the country for anti-national activities.
Sources disclosed it is also being investigated if these people were conducting transactions at the behest of drug lord Raja Kandhola or other drug peddlers. Kandhola is main accused in the recovery of 40kg synthetic drug ice.
ED raids in 3 cities, hawala money seized
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ED raids in 3 cities, hawala money seized
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ED raids in 3 cities, hawala money seized
