Kolkata, Feb 16 (IANS) The Enforcement Directorate (ED), which is investigating the multi-crore coal smuggling case in West Bengal, is also currently examining the hawala aspect related to the diversion of illicit proceeds overseas.Sources aware of the development said the investigating officials have secured some specific information that part of the proceeds of the crime in the alleged scam were diverted to neighbouring Bangladesh and Dubai through the hawala route.The probe officials have als…
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Islamabad, Feb 1 (IANS) Pakistan’s removal from the Financial Action Task Force (FATF) grey list in 2022 was considered a sign of improved financial governance; however, the optimism surrounding the development has faded. FATF’s announcement in 2025 to keep Pakistan under follow‑up monitoring despite its removal from the grey list, citing concerns over country’s ability and intention to curb money laundering and terror financing, demonstrated a reality that many analysts have stressed that d…
Srinagar, Jan 2 (IANS) The Anti-Narcotic Task Force (ANTF) said on Friday that it has arrested an absconding drug peddler in Jammu and Kashmir’s Srinagar district. A statement issued by the ANTF said, “Continuing its unwavering operation against drug peddlers, Anti-Narcotics Task Force (ANTF) Kashmir achieved a significant breakthrough by arresting a hardcore woman drug peddler, namely Tamana Ashraf, daughter of Mohammad Ashraf, resident of Batamaloo, Srinagar, involved in FIR No. 10/2023 u/s 8/…
Hyderabad, Dec 29 (IANS) Two men from Gujarat have been arrested by Hyderabad Police in a ‘digital arrest’ case in which more than Rs 1.95 crore was extorted from a woman.The Cyber Crime Police of Hyderabad arrested Saiyad Soyab Jahid Bhai and Belim Anas Rahim Bhai, both residents of Bhavnagar, GujaratThe accused persons played a crucial role in the commission of the cyber fraud by using multiple mule bank accounts to receive and withdraw the cheated money, which was subsequently transferred…
New Delhi, Dec 25 (IANS) The International Monetary Fund (IMF) has asked the Pakistan government to reduce its spending on incentives given for foreign remittances, a move that has raised concerns among experts about a possible shift of money flows back to informal channels. According to a report by Nikkei Asia, analysts fear that cutting these incentives could weaken official banking routes and push more remittances towards backstreet networks such as hawala and hundi.The IMF’s recommendation…