The Directorate of Revenue Intelligence today claimed to have busted an international hawala racket after arresting two people, including a woman Jet Airways employee who was allegedly trying to smuggle out foreign currency worth over Rs 3 crore.
"During examination of her checked in and hand baggage, USD 4,80,200 wrapped in aluminium foil having a market value of Rs 3.25 crore, has been recovered," it said.
During interrogation, it came to light that the woman was part of a major international hawala syndicate and has carried foreign currencies several times for a Delhi-based hawala operator, who was also arrested from here, it said.
He said Malhotra used crew members for smuggling foreign currency.
Both Kulshrestha and Malhotra were produced before a designated court which remanded them to two days of judicial custody. They will be produced before a Metropolitan Magistrate on January 11.
Malhotra had befriended Jet Airways crew six months ago during a flight to India, he said.
The DRI has recovered Rs 3.3 lakh in cash, and foreign currencies of different countries worth USD 2,500, besides several incriminating materials from Malhtora, the official said.
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