Overview
- Officials arrested Hasan Mohammed Karodia, also known as Hasan Goga, after a raid on M/s H. M. Forex Pvt. Ltd in Mumbai.
- Investigators recovered Indian currency of about Rs 2 crore and foreign currency worth roughly Rs 7 lakh, along with suspected counterfeit Indian notes.
- The Rummaging and Intelligence unit said early findings point to foreign cash smuggled in by carriers and passengers working abroad.
- Authorities charged the accused under the Customs Act, 1962, and for violations of FEMA, and produced him before the Esplanade Court.
- Probes are examining possible links to the Middle East, with officials saying a terror-funding angle has not been ruled out at this stage.