ED probe reveals use of ₹5 notes as 'identifiers'
Hindustan Times Jaipur|December 24, 2024
THE ACCUSED USED ₹5 NOTES, WHICH ARE BARELY SEEN THESE DAYS, AS 'TOKEN' FOR HAWALA TRANSACTIONS
Abhishek Sharan

MUMBAI: The money-laundering investigation by the Enforcement Directorate (ED) into suspicious transactions worth around ₹196 crore in the Nashik Merchant Cooperative (NAMCO) Bank and the Bank of Maharashtra, both in Malegaon, has revealed that the accused used five-rupee currency notes, which are barely seen these days, as a 'token' or identifier for hawala transactions.

Agency officials said they had recovered hundreds of five-rupee notes from the Surat residence of B Vali Mohamed, one of the accused in the case. The probe also revealed that the accused persons allegedly used a WhatsApp group to coordinate their activities effectively. The ED suspects that a group of 19 to 20 individual bank accounts is being used for parking funds for further withdrawals, and it is currently focusing on establishing the identities of the end users of such funds, their accomplices and at least six hawala operators.

A case was first registered on November 7 at the Malegaon Chawani Police Station in Nashik on the depositing of an estimated ₹100 crore-plus in the 14 newly opened accounts in NAMCO Bank. The case was against one S Ahmed and his accomplices who allegedly used the identity documents of various persons, obtained with false promises or paying money. The ED's probe revealed that five similar accounts were also maintained with the Bank of Maharashtra.

Bu hikaye Hindustan Times Jaipur dergisinin December 24, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Hindustan Times Jaipur dergisinin December 24, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

HINDUSTAN TIMES JAIPUR DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Hindustan Times Jaipur

'OTT has offered me the genres I wasn't getting previously'

This festive season, actor Tahir Raj Bhasin has more reasons to celebrate – his OTT series Yeh Kaali Kaali Ankhein (YKKA) Season 2 has been well-received, and the show is all set for a third outing.

time-read
1 min  |
December 25, 2024
Hindustan Times Jaipur

INDIA NAME 15 MEMBER SQUAD FOR ICC UNDER-19 WOMEN'S T20 WC

India on Tuesday named a 15-member squad for next year's ICC Under-19 Women's T20 World Cup to be played in Kuala Lumpur, Malaysia from January 18 to February 2.

time-read
1 min  |
December 25, 2024
Hindustan Times Jaipur

There's been a lapse in filing nominations

Paris Olympics' double bronze-medallist Manu Bhaker on Tuesday admitted that \"there has been a lapse may be on my part\" while filing nominations for this year's National Sports Awards amid a raging controversy over her exclusion from the list of Dhyan Chand Khel Ratna awardees.

time-read
2 dak  |
December 25, 2024
Hindustan Times Jaipur

Record chase in women's 50-over game

Bengal set a world record by successfully chasing a target of 390 in the quarter-final of the women's domestic one-day trophy against Haryana at the Niranjan Shah Cricket Stadium in Rajkot on Monday.

time-read
2 dak  |
December 25, 2024
Hindustan Times Jaipur

India wait for Shubman to sort out scoring issues in away Tests

The No.3 batter has a range of shots, but hasn't shown patience early on and has struggled on this tour of Australia

time-read
3 dak  |
December 25, 2024
Hindustan Times Jaipur

Shami not fully fit says BCCI, ruled out of Australia series

The suspense over Mohammed Shami featuring in the ongoing Border Gavaskar Trophy series is over with the Indian cricket board announcing that the pacer has been ruled out of any participation in the last two Tests because of a knee condition.

time-read
1 min  |
December 25, 2024
Hindustan Times Jaipur

M Raghu, Devika win national titles

Karnataka's M Raghu and Haryana's Devika Sihag secured their maiden senior national badminton titles, emerging champions in the men's and women's sections respectively at the 86th edition of the tournament here on Tuesday.

time-read
1 min  |
December 25, 2024
Hindustan Times Jaipur

INDIAN REFINERS MAY BUY MIDEAST SPOT OIL TO DEAL WITH RUSSIAN SHORTFALL

Indian state refiners are considering tapping the Middle East crude market as spot supply from their top supplier, Russia, has fallen, three refining sources said, in a move that could support prices for high-sulphur oil.

time-read
1 min  |
December 25, 2024
Hindustan Times Jaipur

UPI QR transactions up 33% at retail stores in rural areas this yr

UPI transactions at retail stores have increased by 33% in semi-urban and rural areas this year, reflecting the growing adoption of digital payments, says a report.

time-read
1 min  |
December 25, 2024
Hindustan Times Jaipur

India bond yields little changed as traders eye fresh global cues

Indian government bonds traded in a tight range before ending little changed on Tuesday, ahead of a holiday, with a rise in U.S. Treasury yields weighing on sentiment.

time-read
1 min  |
December 25, 2024