Mumbai hawala 'kingpin' arrested in â¹2,250 crore scam
The Enforcement Directorate has arrested suspected hawala operator Farooq Shaikh in connection with a â¹2,253 crore money laundering case involving 13 firms. Farooq used to control the firms indirectly and was the "kingpin" of this business, ED said. The companies allegedly remitted about â¹2,253 crore overseas during 2015-16 by submitting non-existent and forged import documents to banks. 