I-T raids hawala operatives across Delhi, Goa, other states

The Income Tax Department has recovered cash and jewellery worth about Rs 5.26 crore after it carried out multi-city raids against hawala operators and individuals who prepare fake bills, the CBDT said on Tuesday. The searches were carried out on Monday at 42 premises in Delhi-NCR, Haryana, Punjab, Uttarakhand and Goa, it said. The action was carried out against "a large network of individuals running the racket of entry operation (hawala like operation) and generation of huge cash through fake billing", officials said.

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