Hawala fraud: 2 held for Rs 103 cr transaction

KOLKATA: The detective department, probing the foreign remittance case in which Rs 450-odd crore was sent out of the country in a hawala set up, have arrested two more persons who had sent out Rs 103 crore from the account of a second private sector bank in Kolkata. The primary complainant in this case is a public-sector bank. Both accused, from Odisha, are directors of a tech firm in Sambalpur, cops said.
"The arrested men - Manoj Behera and Md Quis Ahmed - had opened fictitious account with forged documents and used them to make fictitious transactions involving Rs 103 crore for the purpose of cheating," said joint CP (crime) S S Chakrabarty. The duo was produced at the CMM Kolkata and remanded in police custody till June 5.
Kolkata Police had earlier arrested eight persons and issued Look Out Circulars against seven others. "Raids are on across states," said a source.