The Enforcement Directorate on Thursday carried out searches at over half a dozen places in Chandigarh against hawala traders and seized over Rs 1.5 crore in cash, as also several incriminating documents, an official said. He said Rs 60 lakh was seized from Buddhiraja’s residence. The agency also carried out searches at the residence and offices of Talwar Jewellers owner and seized Rs 20 lakh. Raid on businessman Puneet Arora, who owns Beacon Steels, led to seizure of Rs 14 lakh. The raids come in the wake of ED probe under the Foreign Exchange Management Act against the hawala operators.

Source: Hindustan Times December 07, 2017 14:48 UTC