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Evidence to arrest hawala kingpin Jain in drugs case: Court

Last Updated: Monday, January 18, 2010 - 21:17

New Delhi: A Delhi court today said
there was "sufficient material" with Narcotics Control Bureau
to arrest alleged hawala kingpin Naresh Kumar Jain for his
reported complicity in international drug trafficking trade.

"The accused has rightly been arrested. There is
sufficient material to effect his arrest under the Narcotics
Drugs and Psychotropic Substances (NDPS) Act," Additional
Sessions Judge Sanjiv Jain said.

The court, which extended the judicial remand of Jain
till February 1, trashed his plea that he has "wrongly" been
arrested by NCB, that too at the instance of Enforcement
Directorate (ED).

"The accused is involved in nefarious activities of
drugs trade and money laundering... investigation has revealed
that the proceeds of the drugs trade were being laundered
through hawala banking," Rajesh Manchanda, special public
prosecutor for NCB, told the court.

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

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.


First Published: Monday, January 18, 2010 - 21:17

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