August 2, 2021
Business

Karnataka: International hawala scam suspect, wife held in cheating case | Bengaluru News

BENGALURU: A Bengalurean who had managed to get criminal proceedings against him stayed in a Rs 290 crore international hawala and money laundering racket and his Chinese wife have been arrested by Tumakuru police for allegedly cheating a Tiptur resident of Rs 44,000.
Anas Ahmed and his wife, Chinese national Hu Xiolin, both residents of Swiss Town, Sadahalli Gate, had been named as prime accused by CID in the hawala scam.
While Xiolin, who holds a Chinese passport, and seven other fellow accused were arrested and sent to Central Jail, Bengaluru, Ahmed managed to approach a court and get the case stayed.
However, Tiptur resident Nagesh JN, 33 lodged a complaint with Tumakuru CEN crime police saying he had invested Rs 44,000 in April and May in an app, Powerbank, promoted by Ahmed and Xiolin who promised huge returns. Nagesh said he got neither the investment nor the profits. “The…

Read full article here: timesofindia.indiatimes.com