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Hawala or hewala (Arabic: حِوالة ḥawāla, meaning transfer or sometimes trust), originating in India as havala (Hindi: हवाला), also known as havaleh in Persian, [1] and xawala or xawilaad [2] in Somali, is a popular and informal value transfer system based on the performance and honour of a huge network of money brokers (known as hawaladars).
Hawala scandal. The Hawala scandal, also called the Jain Diaries case or the hawala scam, was an Indian political and financial scandal involving payments allegedly sent by politicians (black money) through four hawala brokers, namely the Jain brothers. [1] It was a US$18 million bribery scandal that implicated some of the country's leading ...
As a result, it is illegal in some U.S. states, India and Pakistan. [1] After the September 11 terrorist attacks, the American government suspected that some hawala brokers may have helped terrorist organizations transfer money to fund their activities, and the 9/11 Commission Report stated that "Al Qaeda frequently moved the money it raised by ...
There is an important nexus between drugs and hawala (informal money transfer system) in Afghanistan. The UN analysis is based on interviews with a sample of 54 hawala dealers in the main centers of hawala activity of Afghanistan as well as during a visit to Peshawar, Pakistan. In addition, interviews were conducted with users of the hawala ...
There is an important nexus between drugs and hawala (informal money transfer system) in Afghanistan. The UN analysis is based on interviews with a sample of 54 hawala brokers in the main centers of hawala activity of Afghanistan as well as during a visit to Peshawar, Pakistan. In addition, interviews were conducted with users of the hawala ...
140m annually. Al-Barakat, or Al-Barakaat (Arabic: البركات), which means "Blessings" in Arabic, is a group of companies established in 1987 in Somalia. The firm is involved in the modern form of hawala, an informal value transfer system and remittance method. By 2001, Al-Barakat had outlets in 40 countries, and was the country's largest ...
Vineet Narain (born 1956) is an Indian journalist, anti-corruption activist and conservator of heritage. His exposure of the 1990s Jain Hawala scandal led him to use a public interest petition to apply pressure on the Central Bureau of Investigation. The CBI was widely criticised when its prosecutions collapsed, and the Supreme Court of India ...
Known for. Hawala. Criminal charge. Money Laundering. Criminal status. In Jail (Deceased) Hasan Ali Khan ( c. 1951 – 23 February 2023) was an Indian businessman. [1] In 2007, Indian authorities began investigating Khan on suspicion of money laundering. [2] [3] He had a Swiss bank account with $8 billion in deposits. [4]