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Supreme Court transfers hawala operator Naresh Jain’s bail plea to Justice Kaul’s court

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New Delhi (ILNS): The Supreme Court bench of Chief Justice S. A. Bobde and Justices A. S. Bopanna and V. Ramasubramanian today asked for the bail appeal of hawala operator Naresh Jain to be listed before Justice SK Kaul, whose court is dealing with a connected matter.

The bench today was hearing the bail plea of Hawala Operator Naresh Jain who, along with others, have been accused of illegal money transaction worth Rs 565 crores by incorporating 450 Indian shell firms and 104 overseas entities to carry out transnational hawala operations.

On September 1, Jain was arrested by the Enforcement Directorate (ED). He has been accused of controlling hundreds of shell companies and nearly a thousand bank accounts in India and overseas. Earlier this month the ED had alleged that Naresh Jain and his accomplices ‘generated’ black money worth Rs 565 crores from their network.

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1 COMMENT

  1. This Jain is a small fry there are huge bandicoots across india covering more sinister schemes to destroy the Economy of our country such people should be branded like ISIS terrorists and given the same sentence not only for them but also for immediate family, friends ,kith and kin ..or worse put them to gallows fr spl courts if it demands

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