Friday, May 18, 2007
The hawala (transfer of unaccounted money through unlawful channel) trade, uncovered by the income tax (I-T) authorities during two-day attack on three 'diamond traders' in Pancharatna building, is generally value a whopping Rs 5,000 crore per annum.
Those in the market stated that there are about 100 people who are in service close to 1,000 companies, which imports and exports diamonds for other traders, who do not desire to get into paper work.
posted by kanth
@ 9:59 PM
permanent link | Post a Comment
|
0 Comments:
Post a Comment
<< Home