Delhi Taxmen Bust Hawala Racket, Seize Rs. 25 Crore From 100 Lockers, Income Tax department officials exposed a major hawala racket in Delhi. Income Tax Department raided as many as 100 lockers at a private vault on Sunday, in Delhi's Chandni Cowk area and seized cash worth Rs. 25 crore.
The cash allegedly belonged to some high-profile individuals based in the National Capital Region (NCR), including tobacco traders, chemical traders and dry fruit dealers. Sources believe that these businessmen were apparently involved in hawala trading and had big international links.
Delhi: Income-Tax Department raided a private vault at Chandni Chowk & recovered Rs 25 crore in cash from more than 100 lockers. pic.twitter.com/7T7IyyWhHy
— ANI (@ANI) 1 December 2018
The raids, sources said, were linked to the businesses and alleged illegal financial transactions linked to a Dubai-based hawala operator Pankaj Kapur. He is already being investigated by the central probe agency in a hawala case to the tune of Rs. 3,700 crore.