ED unearths 10,000 Crore International Black Money Operation Run by CAs and Hawala Operators using 98 Shell Companies

The Enforcement Directorate (ED) has uncovered a large international black money operation involving Chartered Accountants (CAs) and hawala operators using shell companies. The operation facilitated the movement of illicit funds across borders, bypassing regulatory oversight. The ED's investigation revealed complex transactions aimed at evading legal scrutiny, involving multiple countries and fraudulent companies. The authorities are taking strong action against those involved, with a focus on dismantling these illegal financial networks. The operation highlights the increasing efforts of the government to curb black money and ensure that financial systems remain transparent and free from illicit activities.