Underground Banker
Naresh Jain, 50, is suspected of moving over $2 billion in hawala annually
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January 9, 2010 at 1:07 PM
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The world's most prolific underground banker has been arrested in Delhi after a year-long manhunt in the United States, Europe and the Middle East.
"The illegal money transfer systems they use provide the infrastructure to launder cash for organized crime groups," said Ian Cruxton, the deputy director of UK's Soca. "These networks pay no attention to cultural or geographical barriers and launder money for ... UK, Pakistani and Turkish nationals based in the UK and mainland Europe involved in drugs trafficking." |
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