Suspected money launderer's home raided

Suspected money launderer's home raided

Enforcement Directorate officials of Ahmedabad and Surat, claiming to have unearthed a hawala (money laundering) racket amounting to Rs700 crores (S$147 million) in Surat, raided the home and office of Afroz Fatta, a diamond businessman.

It was found that on the pretext of importing diamonds, huge amounts of foreign exchange were sent outside the country.

Fatta was released after being questioned for two hours and three other accused, of which one is reportedly a politician, are absconding.


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