The Enforcement Directorate (ED) on Tuesday raided several locations in Tripura and recovered Rs 80 lakhs in Indian currency.
Rs 30 lakh in Bangladeshi currency and a few dollars were also recovered by the ED during the course of their raids.
Tripura Police has informed ED conducted raids in at least seven locations in Tripura in connection with hawala operators.
Searches were carried out at West Agartala and Sonamura in Sepahijala district.
According to the statement issued by the office of Director General of Police VS Yadav, the joint operation was conducted at seven places across west Agartala in west Tripura district and Sonamura areas of Sepahijala district based on “intelligence inputs of Foreign Hawala transactions provided by Tripura Police”.
The police stated that items recovered in the raid were involved in Hawala transactions. The Indian and Bangladeshi currency were seized under the provisions of FEMA Act, 1999.
“.. other incriminating documents relating to Hawala transactions were seized for scrutiny and examinations. Further investigation is in progress,” said police in a press communique.
Hawala denotes to illegal financial transactions done within the country and abroad.