Shillong, Feb 18: The BSF on Thursday busted a money laundering racket in Meghalaya and arrested three hawala agents from near the border with Bangladesh, and also seized 10.38 lakh Bangladesh Taka from them, an official said.
Based on intelligence inputs on the illegal transaction of Bangladesh Taka, Border Security Force guards raided the residence of the three hawala agents -- Manu Roy, Jyotish Pal and Ram Dev -- in Balat and Dangar areas.
"The three hawala agents dealing in foreign currency were arrested and 10.38 lakh Bangladesh Taka was seized from them," BSF spokesperson Sushil Kumar Singh said.
The trio was active in illegal money transaction for quite some time.
Meghalaya Police registered a crimil case against the trio under the Prevention of Money Laundering Act.