ED raids multiple locations in Kerala against network of Hawala operators webindia123.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from webindia123.com Daily Mail and Mail on Sunday newspapers.
The Directorate of Enforcement (ED) has conducted raids on 14 locations in Kerala as part of an investigation into the network of Hawala operators and illegal Forex Dealers. The raids were conducted under the Foreign Exchange Management Act and led to the seizure of Assorted Foreign Currencies worth approximately INR 1.50 crore and the recovery of unaccounted Indian Rupees worth INR 1.40 crore.
The greenback continued to shed value against rupee on Thursday and traded at Rs219.38 in the interbank while banks are selling the US dollar at Rs220.18.