Mumbai Police unravel nuts & bolts of India-Bangladesh hawala racket

This is what Unit VI of the Mumbai Crime Branch has come to learn about a decadeold complex hawala racket operating between India and Bangladesh which came to light after officials received a tipoff from an informant about an illegal immigration agent who was supposed to come to Sewri railway stationUnit VI arrested Akram Noor Nabi Sheikh acting on the tipoff Based on his confession three more individuals were arrested within the next six days bringing to light a nexus of hawala transactions between India and BangladeshAkram Noor Nabi Sheikh right Abu Shahid Abdul Hamid AlimiaThe nexus worked in modules which are closely interconnected forming a complex web The process involves receiving money from individuals in Bangladesh seeking job opportunities in India Illegal immigration agents on the Bangladesh side assist these individuals in crossing the border However once in India they require funds to settleIllicit transactionsAccording to crime branch officials R1 is equivalent to 133 Bangladeshi taka as of December 18 Whenever an agent sends money from India to Bangladesh the money is converted by the agent on the Bangladesh side of the border If someone sends R10000 from India the agent in Bangladesh hands over 10000 taka and the exchange value of 3337 taka is his commission The same method applies when an accused wants to send money from Bangladesh to India illegallyThese agents on the Indian side operate by creating forged documents like Aadhaar and PAN cards which are used to open bank accounts The illegal immigrants who have just crossed the border need money to settle in India leading to the agents on the Indian side lending money to them earning interest on the transactions The interest accrued is subsequently distributed on both sides of the border through a complex network connecting hawala agents in India with their counterparts in Bangladesh Remarkably some part of the interest earned on the money lent to individuals is sent back across the border as commission to the agents on the other side with the assistance of regular IndiaBangladesh travellers who are part of the illicit moduleConvoluted systemSimilarly many illegal Bangladeshi residing in India donrsquot have a bank account To send back money to their families they approach hawala agents on the Indian side of the border The money in some cases is transferred by illegal Bangladeshi immigrants who for some reason want to go back to Bangladesh from India The Indian illegal immigration agentrsquos Bangladeshi counterpart has been already intimated about the money that will be coming in through the border The agent then through his chain makes sure the money reaches the family of the individual in BangladeshOn the other hand families living in Bangladesh also want to send money to their relatives living in India They contact the hawala agents on the Bangladesh side of the border and ask them to send money The cash is sent across with the help of illegal immigrants who wish to come to India These illegal immigration agents are instructed to hand them the money and a chit revealing to whom the money is to be delivered The agent gives the money to the immigrant they are sending across the border The immigrant when inside India meets the illicit immigration agent on the Indian side who already has been intimated that a certain amount of money needs to be given to someone in India The immigration agent on receiving money from the immigrant gives it through his chain to the hawala agent concerned who then gives it to the person concerned A part of the commission earned in this crossborder physical transfer of money is again used to help fund more illegal immigration attemptsIn other cases when illegal immigrants residing in India or Bangladesh want to send money to their family back home they approach a hawala agent The latter then calls his counterpart in the other country asking that the money be delivered to the families of the illegal immigrants earning a commission on the transactionCopSpeakA crime branch source told midday ldquoWhen we arrested Akram Noor Nabi Sheikh we were not sure what exactly we were dealing with but as we continued arresting his associates and interrogating them the picture started becoming more and more clear By the time the fourth accused Abu Shahid Abdul Hamid Alimia was arrested we became sure that a hawala racket was being operated by these individualsrdquoRaj Tilak Roushan DCP detection 1 said ldquoWe are investigating the matter from all angles and have apprehended 11 individuals so far This is a big nexus and many more are suspected to be involved and will soon be arrested The exact amount transferred via hawala is not clear yet as transactions happen by either sending chits or calls but the amount is suspected to be in lakhs and will keep increasing with every arrest we make in the caserdquo11No of accused held so far