Several hawala rackets for laundering black money have been unearthed in Noida in the last few months. The business that is thriving in Noida, has made it a hub of hawala deals.
With the increase in business in hi-tech city Noida, the network of the hawala business is also increasing. The Noida police has unearthed three to four such big hawala rackets in the last one year.
From the investigation, it has been revealed that converting black money into white is being done continuously in Noida under the new hawala module, in which many big shell companies of Noida are also involved.
The Noida Police Commissionerate has busted two hawala rackets in the last one week. One had connections with Jaipur, in which Rs 10 lakh has been found, although it was just token money and the deal was to be of Rs 2 crore. The other one has a Patna connection, in which Rs 50 lakh has been unearthed.
Before this, the Sector 58 police had seized more than Rs 3 crore from hawala traders of Gujarat, Delhi and Mumbai. The accused were allegedly trying to convert black money into white by forging CSR (Corporate Social Responsibility) fund.
The accused arrested in Noida were giving cash by taking CSR funds of many companies in India and abroad in their shell companies on 33 per cent commission.
Central agencies like the Intelligence Bureau and the Enforcement Directorate probe hawala deals. Besides the IB and ED, the Income Tax Department has also been roped in to investigate the hawala cases in which arrests have been made in Noida.
It has been found during the investigation by many agencies that Noida is fast becoming a new centre for hawala business.
What is CSR?
Domestic and overseas companies have to give a fixed amount under the CSR fund for social work on behalf of the government. Under CSR, big companies have to spend crores of rupees. In such a situation, the accused used to contact the owners of a big company and put a part of their CSR fund in their fake company and used to convert the cash from black to white by showing their money spent in social work. Showing the CSR fund in their balance sheet, many big companies also get rebate in tax.
Garbage dumping row triggers protest in Kamalpur
Alleged dumping of garbage into a privately owned pond in Rishipara under Ward No. 2 of the Kamalpur Nagar Panchayat in Dhalai district has sparked outrage among local residents, who have demanded immediate intervention by the administration to address the growing environmental and public health concerns.
Police personnel accused of performing duty under influence of alcohol at Mata Bari; Probe Demanded
Allegations that a police personnel was performing duty under the influence of alcohol at the revered Mata Tripura Sundari Temple in Udaipur, Gomati district, have triggered widespread concern, with the incident drawing significant attention on social media.
Woman dies, minor injured after car crashes into house in South
A 45-year-old woman lost her life and a 10-year-old girl was injured after a WagonR car allegedly went out of control and hit them near Kalachhara Railway Station in South Tripura district on Sunday morning.
CWG 2026: Preeti, Jaismine, Sakshi, Sachin win as India rule boxing ring with seven gold
Indian boxing scripted history at the Commonwealth Games 2026 in Glasgow on Saturday by bagging seven gold medals — the highest-ever gold haul for the country in the competition.
Five NE states record below-normal monsoon rainfall in June-July despite widespread floods
Even as several Northeastern states were battered by heavy rains, floods and landslides during July, five of the region's eight states recorded below-normal monsoon rainfall so far due to weak rain-bearing systems over the Bay of Bengal, the absence of active monsoon troughs and the influence of El Nino, India Meteorological Department (IMD) officials said on Saturday.
Blood donation movement witnessing a renaissance in Tripura: CM
Chief Minister Prof. Dr. Manik Saha today said that there is currently a renaissance in the blood donation movement in the state. Along with creating a sense of spirituality through blood donation, a sweet bond is developed between the blood donor and the recipient.
Ahmedabad to officially receive Commonwealth Games Flag, Host Baton at Glasgow closing ceremony
Ahmedabad's preparations to host the centenary edition of the Commonwealth Games will formally begin on Sunday when the city receives the Commonwealth Games flag and the Host Baton during the closing ceremony of the 2026 Commonwealth Games in Glasgow.
AGMC to be top medical, research centre in NE: Tripura CM
Tripura Chief Minister Manik Saha on Saturday said the state government is working relentlessly to transform the Agartala Government Medical College (AGMC) and Govind Ballabh Pant Hospital into one of the best medical education, research and super-speciality healthcare institutions in Northeast India, while strengthening the state’s overall healthcare ecosystem.