Varanasi Cough Syrup Racket: Five Arrested, ₹40 Crore Hawala Trail Exposed
A significant breakthrough has been reported in the ongoing investigation into the Varanasi cough syrup racket, with police apprehending five additional accused. This development intensifies the crackdown on a vast drug and hawala syndicate, with all newly arrested individuals confirmed to have direct links to the prime kingpin, Shubham Jaiswal.
The probe has meticulously unveiled a sophisticated hawala network operating at the core of the syndicates illicit activities. Funds, estimated to be around ₹40 crore, were reportedly routed through more than 50 shell firms.
Illegal money was moved through a complex system involving cash and gold before being laundered. Authorities have also managed to decipher the syndicates intricate, coded communication system, which was designed to obscure financial trails and transactions.
Shubham Jaiswal is currently believed to be evading capture in Dubai. In response, authorities are actively preparing to seize assets belonging to him and his family, valued at approximately ₹38 crore, as they continue their efforts to dismantle the criminal enterprise.