New Delhi: An Indian businessman with alleged links to underworld don Dawood Ibrahim and al-Qaeda and accused of terror financing by US' Homeland Security was on Friday booked by Enforcement Directorate for running an alleged hawala operation to the tune of Rs 5,000 crore.
Naresh Jain's residence was searched by sleuths of Enforcement Directorate during which they claimed to have recovered unaccounted cash of Rs 60 lakh from his residence in Pitampura, North Delhi, official sources said.
The sources said the searches were carried out at eight premises of Jain, who was accused of being a mastermind hawala dealer. His operations are believed to be spread over Nigeria, Italy, Afghanistan, China, Pakistan, Bolivia, Congo and Cooks Island among many other countries.
They claimed that Jain along with his brothers Bimal and Satpal used to undertake hawala operations for Dawood and even for al-Qaeda.
Papers showing transactions of several crores of rupees with different Pakistan and Afghanistan-based persons and entities were also found and seized, the sources said.
Jain, booked under Foreign Exchange Management Act, was arrested by Dubai police along with his associate in 2007 as part of their crackdown on money launderers following inputs from Homeland Security and UK's Serious Organised Crime Agency that he was allegedly involved in laundering drug money for various terror groups.
Jain or his brothers was not immediately available for comment.
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