overseas, says agencyThe Enforcement Directorate has attached assets worth ₹65.75 crore in connection with the money-laundering case against alleged notorious international “hawala” operator, Naresh Jain. Jain’s syndicate has been accused by the agency of rotating more than ₹96,000 crore in India and also facilitating transfer of about ₹11,800 crore overseas. According to the agency, Jain, his employees and Binal indulged in forgery and cheating. The ED probe has so far detected “proceeds of crime” worth ₹565 crore generated as commission by Jain and his accomplices. The ED had arrested Naresh Jain in September last year.

Source: The Hindu March 01, 2021 14:11 UTC