ED arrests alleged Hawala Operator with Rs. 25 Crores

Kolkata businessman Parsamal Lodha arrested by Enforcement Directorate from Mumbai Airport for converting over Rs 25 crore old currency into new. Arrested Paras Mal Lodha was involved in conversion of more than Rs 25 Crores of old notes to new notes in Shekhar Reddy & Rohit Tandon cases.

His daughter was recently married in a high profile wedding that was attended by several politicians. The alleged Hawala Operator was flying to Malaysia when he was arrested by the authorities. He will be produced in a Delhi Court today.

More details awaited.