WHAT IS HAWALA???
Hawala is a form of banking where in money transferring is based
on owner system and human interaction.
The funds transfer are quick, safe, and secure. There are no
paper trails and taxation is avoided.
Hawala generally used by criminal to avoid tracking of money.
Hawaladars are the agents who conduct the transactions.
Hawala is the biggest ever scandal in the world which involved
over 115 top politicians and bureaucrats of the country.
The Hawala scandal or Hawala scam was an Indian political
scandal involving payments received by politicians through
four hawala brokers, the Jain brothers.
It was a US$18 million corruption scandal that concerned some of
the country's leading politicians.
HOW IT CAME OUT??
The case broke out on March 1991, with the arrest of two Kashmiri
militants, Shahbuddin Ghauri and Ashfaq Hussain Lone, in March
They had, in turn, led the CBI to high-profile hawala
operators Shambhu Dayal Sharma and Moolchand Shah. It was the
witness of the hawala operators that led to the unfolding of the
The hawala operators, Sharma and Shah, told the agency during
interrogation that they had been working for the Jain brothers, N.K.
Jain and S.K. Jain.
This led to the immediate arrest of the Jain brothers. In his 1995
confession, S.K. Jain alleged that he had paid a number of
politicians, including the then Prime Minister, P.V. Narasimha Rao.
Vineet Narain was responsible for bringing the scam to light.
LK Advani(the Leader of
Opposition at that time)
The former Union
Minister,P. Shiv Shankar
Janata Dal (U) president
Sharad Yadav Senior politician and former
Union Minister,V.C. Shukla
Former Delhi CM
Madan Lal Khurana
WHO GOT WHAT AS PER JAIN DIARY
LK Advani Rs 68.5lakh Bhartiya Janata Party
Arif Mohd Khan Rs 7.5 crore Independent
Arjun Singh Tiwari Rs 10.5lakh Congress
Yashwant Sinha Rs 21lakh Bhartiya Janata Party
Kalpnath Roy Rs 54.7lakh Congress
Devi Lal Rs 50 lakh SJP
Pradeep Kumar Rs 14.6 lakh SJP
VC Shukla Rs 65.8 lakh Congress
Balram Jhakhar Rs 61 lakh Congress
Madhavrao Scindia Rs 75 lakh Congress
RK Dhawan Rs 50 lakh Congress
Sharad Yadav Rs 5 lakh Janata Dal
Jafar Shareef Rs 15 lakh Congress
Buta Singh Rs 7.5lakh Congress
Kamal Nath Rs 22 lakh Congress
Arvin Netam Rs 50 thousand Congress
AK Sen Rs 20 lakh Congress
Natwar Singh Rs 23 lakh Congress
LP Shahi Rs 5 lakh Congress
Ranjeet Singh Rs 5 lakh Congress
ND Tiwari Rs 26.1 lakh Congress
Harmohan Dhawan Rs 1.1 crore SJP
Kailash Joshi Rs 10 lakh Bhartiya Janata Party
BD Dahkne Rs 10 lakh Bhartiya Janata Party
Madan Lal Khurana Rs 3 lakh Bhartiya Janata Party
CBI’s entire case misshapen in the court.
Special CBI Judge V.B. Gupta held that none of the statements and
confessions of the accused was allowable in court since they were
given to the CBI.
He also stated that he found there was nothing that could be
converted into legal proof against the accused, and that the crucial
diaries were unacceptable evidence. Since then, the cases have
gone out the door, one by one.
The case got a momentary boost up as a result of a PIL (Public
Interest Litigation) filed by Vineet Narain (an Indian Journalist) in the
Jains are still in trouble but with the Income Tax department and
they have a tax liability of Rs 79 crore for five assessment years and
their appeal is pending with the I-T tribunal in Nagpur.
On 14th July 1997, Justice JS Verma announced in the open court
that he and his brother judge, Justice SC Sen were being
persistently pressurized to hush-up the Hawala case.
A shocked nation demanded that the name of the person having
committed such grave dislike of the Apex Court be exposed and
Surprisingly two years later, on 15th July 1999, Dr. Jolly Bansal
confessed before the media persons in Delhi that he was involved in
managing the two judges . He said so in a sworn affidavit.
The shocking affidavit made serious blame of immoral
practices against Justice Verma and Justice Sen.
Instead an attempt to physically eliminate him was
made in Delhi. The matter is pending in Delhi High