Putin proposed to create a system of international payments following the example of hawala

Russian President Vladimir Putin said that the current system of international payments is controlled by a “narrow club of states and financial groups.” He proposed to create a new system that would be independent of banks and the intervention of third countries. The president cited hawala as an example of such a system. “Based on… Continue reading Putin proposed to create a system of international payments following the example of hawala

Gujarat Police probing AAP’s ‘suspected hawala money’

The Gujarat Police suspect that the Aam Aadmi Party has been dispatching large sums of cash into the state by hawala channels for assembly its election marketing campaign bills forward of the yearend meeting polls. ‘The police came upon the racket’ whereas coping with a stray case of theft: On October 12, some miscreants fled… Continue reading Gujarat Police probing AAP’s ‘suspected hawala money’