IT busts Rs 330 crore crypto hawala racket run by Malappuram flower exporters
MALAPPURAM: The Income Tax (IT) Investigation Wing has unearthed a major hawala racket involving cryptocurrency transactions worth around Rs 330 crore allegedly operated by two Malappuram natives under the guise of a flower export firm, officials said on Saturday.
An IT official said the Investigation Wing in Kochi has been conducting searches over the past three days at various locations in Malappuram and Kozhikode districts as part of the probe.
