Hawala

SBI manager, gym trainer held in Rs 175 cr cyber fraud case in Telangana

Fraud uncovered after numerous complaints on the National Cybercrime Reporting Portal

G20 must join hands to meet challenges from dynamite, metaverse: Amit Shah

Warning the global community about security challenges which have evolved from "dynamite to metaverse" and "hawala to crypto currency", Union Home Minister Amit Shah on Thursday asked G20 member countries to rise above conventional boundaries and share information on real time to check all crimes in the cyber space. Speaking at the 'G20 Conference on Crime and Security in the Age of NFTs, AI & Metaverse', he underlined the threats emanating from cyber criminals using darknet, metaverse, deepfakes, ransomware and toolkit-based misinformation campaigns and strategic targeting of critical information and financial systems. Without taking names, Shah said some anti-social elements and global forces are using technology to cause economic and social harm to citizens and governments. "The G20 has so far focused on digital transformation and data flow from an economic perspective, but now it is important to understand the aspects of crime and security, and find a solution," he said. Shah .

TMS Ep439: Sebi's Adani probe, Delhi Metro, paint & tyre stocks, Hawala

What next in Sebi's Adani probe? How will cops in Delhi Metro affect you? Is it time to book profit in paint, tyre stocks? What is Hawala? All answers here

Noida emerges as hub of hawala deals in the guise of CSR in last few months

Several hawala rackets for laundering black money have been unearthed in Noida in the last few months. The business that is thriving in Noida, has made it a hub of hawala deals

I-T dept raids hawala dealers, cryptocurrency operatives in Delhi

The Income Tax department on Friday conducted searches against a ring of hawala dealers who are alleged to have sent crores of funds abroad through hawala and cryptocurrency-linked channels, official sources said. They said the department is covering at least half-a-dozen premises in Delhi-NCR as part of the action launched to check tax evasion. The sources said some hawala dealers, their associates and those who used their services to send crores of rupees abroad under the garb of "media advertisements" through hawala and cryptocurrency-linked channels are under the scanner of the department. The department is looking at documents at some offices of these operatives in old Delhi and a few other locations. Hawala denotes to illegal and fraudulent KYC-based monetary transactions through both banking and non-banking channels.

Hawala operator involved in funding LeT, Al-Badr arrested from Delhi

A 48-year-old Delhi based garment trader allegedly working as an agent in routing hawala money to terror outfits Lashkar-e-Taiba (LeT) and Al Badr has been arrested from here, police said on Friday. Mohammad Yaseen, a resident of Turkman Gate here, was arrested in a joint operation by police from Delhi and Jammu and Kashmir and central agencies on Thursday, they said. During interrogation, Yaseen revealed to the police that hawala money was being routed to India through South Africa and collected in Surat and Mumbai. He ran a garment business in Meena Bazaar and was the Delhi link to send this money to terror operatives in Jammu and Kashmir through couriers, Special Commissioner of Police (Special Cell) HGS Dhaliwal said. The officer said recently, Rs 24 lakh hawala money was sent from South Africa to support terror activities in India. Out of this, Yaseen transferred Rs 17 lakh through two couriers to a terror operative named Abdul Hamid Mir in Jammu and Kashmir. The police, howe

I-T dept raids Delhi-Haryana pharma and realty cos; seizes cash and gold

Finds links to Hawala sale of medicines to Afghanistan

DeFi can't hold a candle to the centuries-old trust-based system hawala

Decentralized finance needs to give up on its techno-anarchist utopia, and get more real and centralized. Otherwise DeFi lending will enter annals of finance as failure where hawala has been success

NIA raids Dawood's men, drug peddlers, hawala operators in Mumbai and Thane

The National Investigation Agency swooped on more than a dozen locations in Mumbai linked with Pakistan-based mafia don Dawood Ibrahim Kaskar's associates, drug-peddlers and hawala operators on Monday

Hawala dealer Naresh Jain's custody extended in PMLA case of over Rs 1 trn

The case is linked to alleged dubious transactions worth over Rs 1 trillion made using over 550 shell firms over the last few years

Money laundering: I-T raids continue on Chinese individuals, local contacts

I-T dept has seized a number of documents and computer peripherals and has recovered about Rs 60-70 lakh cash from multiple premises in the Delhi-NCR region till now

I-T dept searches Chinese entities over hawala transactions of Rs 1,000 cr

In their crackdown on these Chinese companies, the tax authorities launched an extensive search operation at 21 premises across Delhi, Ghaziabad and Gurugram

I-T dept serves notice to Congress for 'hawala funds' worth Rs 170 cr

The IT department seeks Congress' explanation for receiving the funds from a company as part of its tax evasion probe.

I-T dept unearths Rs 3,300-crore hawala racket involving infra firms

The Board, the policy-making body for the I-T department, however, did not identify the entities raided

Hawala operator who gave money to Dhinakaran's ade arrested in Delhi

Yesterday, searches were conducted at Dhinakaran's residence in Chennai as part of the probe