Rajkot: Jamnagar police on Wednesday damaging the Hawala Pan-India racket with the possibility of relationships outside India and arresting three people including Nigeria Nigeria.
Police also freeze around 30 bank accounts that have transactions worth Rs 7 Crore which, even with different people’s names, operated by the allegations of Jatin Pala and Parmar Mohit, police said.
Niga and Mohit Handler, a resident of Nigeria Rafael sign Yinka was also arrested from Mumbai on Wednesday.
“It is suspected that money from a bank account was transferred to Nigeria through Hawala.
We will question Rafael to know where the money is channeled,” said Assistant Inspector Jamnagar from Police Nitish Pandey.
“This is an organized racket where the defendant targets people in various cities with the lure of attractive offers.
They cheat them and extort money from those they deposit in various other victims’ stories,” Pandey told Toi.
The fraud was damaged after the complaint submitted by Parmar Harish with the C City D division police station last month.
Parmar told the police that Jatin and Mohit promised work and asked to open savings and current accounts at the bank.
Parmar then learned that the Duo accused had opened a bank account on behalf of PL consultant Teguh using the documents and made RS 40 lakh transactions in the same account.
He suspected something suspicious and approached the police.
During the investigation, the police were looking for Jatin and Mohit homes and found a checkbook and debit card around 30 bank accounts.
In researching a bank account, the police found a transaction worth RS 7 Crore in the last three months.
All bank accounts, with a total balance of RS 24 Lakh, has been frozen.
Police Jamnagar has identified at least 20 people who have been victims of gangs in Bangaluru, Delhi and Vadodara.
Box: Modus Operandi According to Police, the gang is used to lure traders by offering them oil or chemical products at cheaper prices than foreign companies.
The defendant introduced another gang member to the traders as a distributor.
Progress collected from traders stored in bank accounts opened using other people’s documents.
In Jamnagar, Jatin and Mohit were used to work under the instructions of the Nigerian Rafael handler.
They used to withdraw money through the ATM and sent it to Mumbai through Angadiya where Rafael received it.