TrendingVideosIndia
Opinions | CommentEditorialsThe MiddleLetters to the EditorReflections
UPSC | Exam ScheduleExam Mentor
State | Himachal PradeshPunjabJammu & KashmirHaryanaChhattisgarhMadhya PradeshRajasthanUttarakhandUttar Pradesh
City | ChandigarhAmritsarJalandharLudhianaDelhiPatialaBathindaShaharnama
World | ChinaUnited StatesPakistan
Diaspora
Features | The Tribune ScienceTime CapsuleSpectrumIn-DepthTravelFood
Business | My MoneyAutoZone
News Columns | Straight DriveCanada CallingLondon LetterKashmir AngleJammu JournalInside the CapitalHimachal CallingHill View
Don't Miss
Advertisement

Non-bailable warrants against 4 in 'hawala' case

Unlock Exclusive Insights with The Tribune Premium

Take your experience further with Premium access. Thought-provoking Opinions, Expert Analysis, In-depth Insights and other Member Only Benefits
Yearly Premium ₹999 ₹349/Year
Yearly Premium $49 $24.99/Year
Advertisement

Tribune News Service

Advertisement

New Delhi, November 3

Advertisement

The Enforcement Directorate (ED) today said it had procured non-bailable warrants from the PMLA court against absconding Naresh Jain and his accomplices in a Rs 565-crore international hawala case.

The agency said a Delhi special court under the Prevention of Money Laundering Act (PMLA) took cognisance of the prosecution complaint filed by the ED and issued the non-bailable warrants against the accused persons.

The ED flied the prosecution complaint on October 28 in connection with its ongoing probe into his role in money laundering and international hawala transactions.

Advertisement

Officials in the agency said that so far the investigation conducted under the PMLA revealed that Jain along with his accomplices hatched a criminal conspiracy to forge and fabricate documents in order to cause loss to the government exchequer and banks by providing accommodation entries to the beneficiaries and indulging in illegal foreign exchange transactions.

Advertisement
Show comments
Advertisement