Hawala scam: ED arrests Dubai-based businessman

A Dubai-based businessman from Surat was arrested by the Enforcement Directorate (ED) for his alleged role in the multi-crore hawala scam. Manish Shah was arrested on Wednesday and produced on Thursday in a special court for the cases of Prevention of Money Laundering Act (PMLA) by ED, which sought his <g data-gr-id="13">ten day</g> remand. Since Shah could not secure a lawyer for himself on Thursday, judge AP Bhojak will take up the matter tomorrow for hearing. It is alleged that Shah owns a trading company in Dubai and received more than Rs 700 crore through various hawala channels from the two key accused – Afroz Fatta and Madanlal Jain.