In an operation code named Pink Roses, the Income Tax Department conducted raids on 14 premises in north east Delhi recently and unearthed a hawala racket of Rs 100 crore.
Highly-placed sources in the income tax told PTI that the
sleuths were tipped off about the racket in which a company was allegedly involved in helping some bussinessmen to convert their hawala money into white.
The sources said that during the searches on the premises in various parts in Trans-Yamuna areasin New Delhi, the IT officials came across a number of sensitive documents indicating the modus operandi of various companies.
The sources said four types of people were involved in the scandal, person requiring to make the entry (businessman possessing hawala money), person who gives the entry (firm owner), middle men (chartered accountants) and the person who does the documentation (broker).
Report: Zeenext Bureau
