19 Jul 2021
The Enforcement Directorate on Saturday arrested Shivlal Pabbi, a Dutch national who allegedly ran ‘hawala’ operations in the garb of ready-made garments trade in the Netherlands. The accused got the proceeds of the crime laundered via some Pakistan nationals based in Dubai.
Mr. Pabbi was allegedly trying to flee the country by a flight to Paris when the agency arrested him at the Indira Gandhi International Airport in Delhi on money-laundering charge. He was produced before a special court that sent him to the ED custody till July 23.
Originally from Phagwara in Punjab, the accused had migrated to the Netherlands in 1981. He became a Dutch national in 1984. The ED initiated the money-laundering probe against him and others on the request of the Netherlands government. He had allegedly committed cheating and forgery there in connivance with his Indian associates.
By Devesh K. Pandey, The Hindu, 17 July 2021
Read more at The Hindu
RiskScreen: Eliminating Financial Crime with Smart Technology
Advance your CPD minutes for this content, by signing up and using the CPD WalletFREE CPD Wallet