(a) whether huge illegal foreign funds continue to flow into India through fraudulent foreign trade;
(b) if so, the details thereof;
(c) whether these funds are being utilised for terrorist activities;
(d) if so, the details thereof; and
(e) the steps taken to check the illegal flow of funds?
THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY ( SHRI E.V.K.S. ELANGOVAN)
(a): No information is available on the flow of huge illegal foreign funds into India through fraudulent foreign trade.
(b) to (d) : Does not apply in view of answer to (a) above.
(e): Whenever illegal foreign funds through Hawala are detected, these are investigated under the provision of the Foreign Exchange Management Act (FEMA), 1999 for suitable action as provided under the Act.