I-T raid on hawala traders: Rs 3 cr of old notes seized from New Delhi, 5 held

In a joint raid conducted by the Income Tax Department and crime branch of the Delhi Police in Karol Bagh today, over Rs 3 crore in old notes were found from a hotel. The currency was packed to skip detection at the airports. The seized currency allegedly belongs to hawala operators and was supposed to be flown to Mumbai.

Five persons- Ansari Abuzar, Fazal khan, Ansari Affan from Mumbai, Ladu Ram from Rajasthan and Mahaveer Singh from Jodhpur were held. The recovered amount was kept in different suitcases and a card board box and upon counting the amount, the total amount came up to Rs. 3.25 crores in demonetised currency notes.

Officials of the Income Tax department and the Delhi Police jointly raided the hotel after a tip-off that people working as couriers for illegal money transfer operations were preparing to move a huge amount of cash to Mumbai.