ED Cracks Down on Hawala Operators in Goa and Delhi

The Enforcement Directorate (ED) conducted raids at multiple locations in Goa and Delhi, targeting suspected hawala operators involved in transferring unaccounted funds to Dubai. The operation is part of an ongoing investigation into Indian nationals holding undisclosed assets in Dubai, under the Foreign Exchange Management Act (FEMA).

The ED has compiled data on Indians possessing unreported assets in the UAE and aims to gather evidence and build prosecutable cases against those involved. The raids are expected to uncover a larger network of hawala activities and unaccounted investments made abroad ¹ ² ³.