Court extends JC of hawala kingpin Naresh Jain
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Last Updated: Monday, February 15, 2010, 22:54
New Delhi: A Delhi court today extended by 11 days the judicial custody of alleged hawala kingpin Naresh Kumar Jain for his reported complicity in international drug trafficking trade.

Additional Sessions Judge Sanjiv Jain sent Jain to jail till February 25 after he was produced by the Narcotics Control Bureau (NCB) on completion of his judicial custody.

The accused, meanwhile, alleged that he has been framed in the case by the NCB which had acted "in connivance" with the Enforcement Directorate.

Earlier, the court had said there was "sufficient material" to arrest Jain for his alleged complicity in international drug trafficking trade.

Jain was being supported in the hawala trade by Dubai-based Ahmed Parvez, a Pakistan national, who is now being prosecuted in Italy, Rajesh Manchanda, a prosecutor of NCB, said.

Besides NCB, ED has also filed a separate case against Jain under various provisions of Prevention of Money Laundering Act (PMLA) for his alleged hawala transactions relating to proceeds of drugs trade.

Naveen Kumar Matta, special prosecutor for ED, had earlier informed another court that the probe into the money trail of Jain was at a "crucial" stage.

Jain was arrested by the NCB on December 6 last year for allegedly financing and transporting narcotic drugs.


First Published: Monday, February 15, 2010, 22:54

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