Hyderabad as center for Hawala business

Hyderabad
Hyderabad as center for Hawala business

Hyderabad police were captured above 11 Hawala gangs in these 2 months. Hawala is an informal value transfer system based on the performance and honour of a huge network of money brokers, primarily located in the Delhi, Mumbai and Hyderabad, operating outside of, or parallel to, traditional banking, financial channels, and remittance systems.

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