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Hawala dealer Naresh Jain seeks bail in money laundering case

A Delhi court will hear on December 2 the bail petition moved by alleged hawala dealer Naresh Jain, arrested in connection with a money laundering case related to international hawala transactions.

Hawala dealer Naresh Jain seeks bail in money laundering case

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  29 Nov 2020 3:28 AM GMT

A Delhi court will hear on December 2 the bail petition moved by alleged hawala dealer Naresh Jain, arrested in connection with a money laundering case related to international hawala transactions. He was arrested in September and is in judicial custody since then. According to the Enforcement Directorate, Jain has allegedly facilitated illegal transactions amounting to more than Rs 96,000 crore in India using over 600 accounts. The court had recently taken cognisance of the chargesheet filed by the ED against Jain and issued non-bailable warrants against four of his absconding co-accused. The ED had filed a chargesheet against Jain on October 28 under sections of the Prevention of Money Laundering Act (PMLA) in connection with the ongoing investigation into his role in money laundering and international hawala transactions. (IANS)

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