(a) whether any cases of Hawala transactions have come to the notice of the
Government during the current year;
(b) if so, the details thereof and the action taken by the Government thereon; and
(c) the steps taken by the Government to keep a vigil on the major
markets which deal in Hawaia transactions in the country?
MINISTER OF STATE IN THE MINISTRY OF FINANCE(SHRI S.S.PALANIMANICKAM)
(a) & (b) During the current year (upto 31.10.2011), the Directorate of Enforcement
has issued 117 Show Cause Notices involving an amount totaling to Rs. 2246.31 lakhs
in respect of Hawala transactions in contravention of the provisions of the Foreign
Exchange Management Act, 1999 (FEMA).
(c) The Directorate of Enforcement takes appropriate action under FEMA on the
basis of specific information.