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This story is from August 13, 2014

Afroz Fatta claims Madanlal Jain is main accused in Rs 5395 hawala scam

While seeking bail, Accused in the multi-crore hawala scam Afroz Fatta has filed a reply before special PMLA court saying that the Enforcement Directorate (ED) had falsely framed him in this case and deliberately did not recognize that co-accused Madanlal jain is that kingpin.
Afroz Fatta claims Madanlal Jain is main accused in Rs 5395 hawala scam
AHMEDABAD: While seeking bail, Accused in the multi-crore hawala scam Afroz Fatta has filed a reply before special PMLA court saying that the Enforcement Directorate (ED) had falsely framed him in this case and deliberately did not recognize that co-accused Madanlal jain is that kingpin.
Fatta and Jain have been booked along with 77 others – individuals and firms – under the Prevention of Money Laundering Act in an allegedly Rs 5,395-crore scam.
Fatta has claimed that the documents that are in possession of the probe agency reveal clearly that the main accused in this case was Jain, and all others were at his disposal in this alleged illegal transactions, but the ED chose to ignore this fact.
Fatta filed a fresh application two weeks ago with the contention that a complaint running into over 4,300 pages was filed by ED. Since all information was divulged in documents, there was no scope left for the probe agency for further probe.
Meanwhile, the court has summoned 77 other accused persons and firms. The court had issued summons to them last month, but none of them appeared. The deadline for their appearance has been extended till Thursday.
ED had booked Fatta and Jain in sourcing and routing the hawala cash to Surat through angadias. After investigation, the probe agency filed a complaint revealing that the hawala cash was channelized by way of RTGS (Real Time Gross Settlement) system through various entities to make foreign outward remittances.
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About the Author
Saeed Khan

Saeed Khan is special corespondent at The Times of India, Ahmedabad. He reports on courts and legal issues. He also covers the income tax and customs departments. He loves spending time at roadside tea stalls, chatting up friends and getting news at the same time.

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