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Delhi Police Arrest Hawala Operator Avtar Singh in Rs 200 Fraud Case

He used to transfer huge funds to shell companies.

He used to switch enormous funds to shell corporations.

According to police, accused Avtar Singh used his Hawala connections to ship cash at varied areas in India and overseas.

The Delhi Police are stated to have made the largest arrest in the conman Sukesh Chandrashekhar case. Sukesh had duped a businessman’s spouse of Rs 200 crore. In the newest improvement associated to the case, Police have arrested Hawala operator Dolly Kocchar alias Avtar Singh, a resident of West Punjabi Bagh in the nationwide capital. He was arrested by the Economic Offences Wing (EOW) of Delhi Police on Tuesday from Haryana’s Panchkula based mostly on intelligence enter.

According to police, Hawala dealer Avtar Singh disposed of Rs 160 crore out of Rs 200 crore extorted by Sukesh after duping Aditi Singh, spouse of Shivinder Singh, the previous promoter of Ranbaxy. Deepak Ramnani, co-accused in the case, had contacted Avtar to ship enormous funds overseas and in Mumbai, Chennai and Hyderabad. Deepak is Sukesh’s enterprise companion.

According to police, accused Avtar Singh used his Hawala connections to ship cash at varied areas in India and overseas. He used to switch enormous funds to shell corporations.

During the investigation, accused Sukesh his spouse and actress Leena Maria Paul, Deepak Ramnani, Pradeep Ramnani and others have been arrested in the case as they have been discovered to be part of an organized crime syndicate. EOW had issued a non-bailable warrant (NBW) towards Deepak. Raids have been carried out on his areas in Delhi and Rohtak to nab him. Ramnani brothers have been in contact with Hawala operator Avtar to dispose of cash collected on the behest of Sukesh Chandrashekar, police stated.

Police stated that Sukesh, Leena and their associates used Hawala routes and created shell corporations to get rid of their cash earned from the proceeds of crime. On September 9, a Delhi Court prolonged seven days of police remand of Pradeep Ramnani and Deepak Ramnani.

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