Rs 1,500 crore hawala racket busted in Vizag; ED arrests BK Goel - NTv
Tue, Sep 15, 2020, 03:07 PM
The Enforcement Directorate (ED) on Tuesday busted Rs 1,500 crore hawala racket in Visakhapatnam and arrested Bhimendra Kumar Goyal. According to information, Goel was running the hawala racket with the support of Vaddi Mahesh and others. It is the biggest ever hawala racket to be busted in South India.
So far, Goyal has remitted Rs 1,500 crore to various companies located in Singapore, China and Hong Kong. The modus operandi was opening bank accounts using shell companies and remitting the hawala amounts in the name of importing the goods from other countries.