Daijiworld Media Network – Kasargod (SP)

Kasargod, Dec 8: A team of policemen led by the local deputy superintendent of police, P Vikram, has taken into custody a person named Munir,  a resident of Koovetotti near here. The policemen have accused him of functioning as an agent for money laundering activity through Hawala business.

Cash amounting to Rs 4.06 lac, which was hidden in various pockets, created inside his pants, shirt and socks, was recovered by the policemen. The policemen also confiscated a motor bike which was used by him for travelling. As the person did not give proper replies to questions relating to who had given the money and for whom it was being taken to, the policemen of Kumble station have taken up detailed investigation.

Hawala transactions are well known all over Kerala. Many of those who live in foreign countries find this as a convenient method to remit money to their family members quickly and easily. The money launders reportedly use the foreign currency they get in this way, for ulterior activities like drug trade, terrorist activities and such other criminal acts.