ED busts hawala racket

The operations were conducted by Praveenbhai on instructions from UK citizens, Chimanlal Vishram Patel and Jayantibhai Vishram Patel. The fax messages received from them give complete details of the beneficiaries who are mostly from Baroda, Surat and Navsari in Gujarat and Mumbai and Goa. Documents recovered pertain to transactions of Rs 12.5 crore in a single month, and major amounts for distribution were funded by one Dilipbhai alias Dayabhai alias Dimple, who provided Rs six crore. Two more major financiers, namely, Valjee (code name V’) based in Bhuj and Sulaiman (code name S’) also appear in the documents and in many cases money was distributed through Angadias (Courier).