A unique method involving the use of a piece of a Rs 10 note has been uncovered by police during an investigation into sprawling hawala transactions worth several crores of rupees. Authorities have arrested key suspects in Sagar region for running this sophisticated racket that camouflaged illegal money transfers using intentionally defaced currency notes.
How Split Rs 10 Notes Was Used for Money Laundering
Officials explained that hawala operators would cut a Rs 10 note into pieces and exchange these fragments within their network as proof of money movement. This unusual mechanism was designed to evade detection by conventional financial tracking agencies while facilitating illegal transfers.
The fragments served as vouchers exchanged between hawala agents, ensuring money could be moved across locations without physical currency crossing borders. The process reportedly helped funnel crores of rupees of unaccounted money, complicating law enforcement’s ability to trace transactions and identify beneficiaries.
Arrests, Seizures and Further Investigation
Police have arrested several suspects linked to this racket and seized incriminating evidence including fragmented currency, digital devices, transaction records, and communication logs. The investigation is ongoing, with authorities now focusing on breaking wider hawala chain connections and tracing illicit assets.
