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I-T officials unearth Rs 20,000-crore hawala, money laundering racket in Delhi

The Income Tax Department on Monday claimed to have busted a nexus of hawala operators who were running a money laundering racket in the national capital estimated to be worth Rs 20,000 crore. Official sources in the department said a "series of" raids and surveys were conducted by officials of the Delhi investigation unit of the I-T Department over the last few weeks in different business areas of old Delhi. These operations led to unearthing of illegal financial activities by three groups of operators, a senior official said. The identities of the accused were not disclosed by the department.


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