The tax authorities of India in Jaipur uncovered a money laundering scheme related to hawala and cryptocurrency transactions. During raids, wedding organizers had $2 million in cash and jewelry seized, as well as three cryptocurrency wallets. The investigation revealed that clients paid in cash and received cryptocurrency through hawala operators. The authorities plan to conduct similar raids in other cities to combat illegal transactions in the wedding industry.
12/26/2024 2:21:12 PM (GMT+1)
Indian tax authorities uncovered a money laundering network through hawala and cryptocurrency transactions, seizing $2 million in cash and cryptocurrency wallets from wedding organizers in Jaipur 💸
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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