NEW DELHI: The Enforcement Directorate (ED) Friday said it has busted an illegal foreign currency transaction racket with the seizure of Indian and foreign currencies worth Rs 1.83 crore from a Jaipur-based currency operator.
“Harish Bhatija of Harish Forex (P) Ltd., Jaipur is authorised by the RBI for legal purchase and sale of foreign currency, but in the garb of this authorisation, the owner was running a racket of illegal collection of foreign currency,” the agency said in a statement.
It said sleuths of the agency’s Jaipur zonal unit detected that illegally collected or acquired foreign currencies were being “sent to other cities like Ahmedabad, Mumbai among others by Bhatija with the help of his employee Kamal Bhandari”.
It was detected, the agency said, that the courier used to take such illegally collected foreign currencies to various cities using public bus or train. (AGENCIES)