5 Of Banned Group PFI Arrested; Hawala, Foreign Funds On Agency Radar
NDTV
The five men ran a hawala network in Bihar and Karnataka, with links to the UAE, the National Investigation Agency (NIA) said in a statement on Sunday
Five men who allegedly moved funds for the banned group Popular Front of India has been arrested by the country's top anti-terror agency.
The five men ran a hawala network in Bihar and Karnataka, with links to the UAE, the National Investigation Agency (NIA) said in a statement on Sunday. A hawala transaction involves money changing hands in different locations without going through the formal banking route.
Four of the arrested men are from Karnataka's Dakshin Kannada district and one from Kerala's Kasaragod. They have been identified as Mahammad Sinan, Sarfraz Nawaz, Iqbal, Abdul Rafeek and Abid KM.
"While tracing and tracking funds being moved by the PFI across the country, especially in Kerala, Karnataka, Bihar, the NIA investigation into the Phulwarisharif PFI case of Bihar led to unearthing of a large network of hawala operatives in south India," the NIA said in the statement.
