I-T dept unearths ₹1,550 cr black money from fraud entries
The Income Tax Department has unearthed over ₹1,550 crore black money from various fake firms and entities run by hawala dealers through fake bank entries since note ban, according to an official report. While ₹930 crore was recovered from hawala dealers, ₹200 crore was recovered from 80 accounts in Delhi. Another ₹200 crore was recovered from Kolkata, Gurugram and Karnataka.