Evidence to arrest hawala kingpin Jain in drugs case: Court
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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.

-PTI


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


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