Kasargod: Rs 5 crore hawala cash supplied in last six months

Daijiworld Media Network – Kasargod (EP)

Kasargod, Sep 9: The police have information that a large amount of hawala cash has started flowing into the country after the value of rupee started depreciating against the dollar. Most of the cash comes into Kasargod and north Kerala. The police have information that more than Rs 5 crore in cash has come into the state by way of hawala transactions.

The hawala cash gets transported by bus, train and other vehicles. It comes from the Gulf by flights. An amount of Rs one crore has been seized in the district during the last month. Rs 66 lacs was seized from a bus passenger who had come to Kasargod from Mumbai, last Friday. The people who had come to take it escaped after seeing the police. The money is stashed in boxes in between other items.
 
The agents wait at Kasargod when the buses come from Mumbai. There are thousands of agents in the district for distribution of money. They are paid commission ranging from Rs 700 to Rs 1000 per lac of distribution. The agents distribute cash up to Rs one crore. It gets delivered at the residences of the beneficiaries. There are instances of fake currency kept in between them. A fake note of Rs 500 was found in the Rs 66 lac seized last Friday. Several fake currency notes were detected in the cash supplied a few months ago.
 
Fake currency was found in between hawala cash on Dubai to Mangalore flight last year. Rs 31 lac worth of fake notes were supplied from Dubai to India in 2012. Ten people were arrested in the case and NIA is investigating. Moideen Haji of Udupi and three other suspects in the case are absconding. Police have got the information that fake currency gets circulated along with hawala cash.