New Delhi, Sep.25 (ANI): Non-resident Indian businessman and alleged Hawala kingpin Naresh Jain on Friday evening denied being involved in the alleged Hawala transactions and claimed he was basically a businessman but being unnecessarily trapped in the case.
" I have a factory in South Africa. I supply readymade garments in Afghanistan and Nepal. I talked to people in Pakistan in relation with purchasing rice. I have nothing to do with Hawala or Dawood Ibrahim," Naresh Jain was quoted by Zee News as claiming.
Naresh also stated that the sleuth recovered only Rs.12.5 lakhs instead of Rs.60 lakhs during Thursday raids as was being stated in the media.
Enforcement Directorate busted a Hawala transaction racket worth thousands of crores of rupees here after it seized incriminating documents during raids carried out at eight different locations linked to non-resident Indian (NRI) businessman Naresh Jain on Thursday.
About six million rupees had also been recovered from Naresh's premises during the raid. He had shifted his base to Delhi from Dubai about six months ago.
The seized documents suggested Naresh Jain was into drugs business, which was spread to Pakistan and Afghanistan. It also looks that the drugs business could have been spread over Dubai, Nigeria, China and Bolivia. Besides, the probability of his links with the D Company of Underworld Don Dawood Ibrahim have not been ruled out, said a Zee News report on Friday morning.
Hawala Kingpin Naresh has been booked under provisions of Foreign Exchange Management Act (FEMA), said Times Now report on Friday morning.(ANI)