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Hawala raids: ED recovers stashes of cash from six places

 MPost |  2016-12-01 01:06:58.0  |  Kolkata

The Enforcement Directorate (ED) recovered huge cash both in Indian and foreign currency by conducting raids at different places including the house of a doctor in Salt Lake.

ED officers claimed that the money was kept in those places with a motive to send it outside the country through hawala.

ED officers conducted raids in six places in the state including Burabazar and Salt Lake.
On Wednesday afternoon, the ED officers went to the house of a doctor at GD block in Salt Lake.

They found Indian currency worth Rs 10 lakh and foreign currency worth Rs 5 lakh.

The ED officers conducted the raid after receiving a tip-off and seized the money after the people present in the house failed to give any satisfactory answers to their questions.

There were five more places where raids were conducted. The raid in the office of a businessman continued till late night.

As a result, the ED officers failed to give the exact count of the money that was being recovered from Burabazar.

The counting of the money continued till late night.

The ED officers had conducted raids at 14 other places in the eastern part of the country.
The 14 places include 4 in Guwahati. The raid was also conducted in 40 places in the entire country.

Sources said that the raids by the ED would continue as they have received information that there 
would be desperate attempt to send a huge amount of money outside the country through hawala as they have failed to utilise the black money after the Centre demonetised Rs 500 and Rs 1,000 notes.
According to an officer of the ED, the attempt to send the money out of the country would go up 
from December.

As a result, they would keep a vigil to check the transfer of money outside the country.

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