MUMBAI HAWALA ‘KING’ ARRESTED MONEY LAUNDERING

The Times of India on 25th April reported that Mohammad Farooq, aka Farooq Shaikh, one of the city’s biggest hawala operators, was arrested in a money laundering case involving hisStelkon Infratel Pvt Ltd company, which was part of Farooq’s network of 160 shell companies and run from a one-room office.  It is said that Farooq was on the radar of various probe agencies since 2014 and is believed to be associated with underworld elements.

https://timesofindia.indiatimes.com/city/mumbai/hawala-trader-on-radar-since-2014-had-underworld-ties/articleshow/63903556.cms

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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