Jugaad: How black money is getting converted to white? Hawala Network & round tripping Explained
Video description:
In this video, we are going to talk about How Black Money is getting converted to White Money? How it is coming to India through Stock Market? Does SEBI is aware of this? Why Mauritaus, Cayman and Panama islands are more popular in this kind of business? Generally Black money owners get the black money out of India through Hawala agent . These black money owners are going to form or incorporate several companies but not to operate anything or to manufacture but to circulate this black money and this makes tough to identify the promoters of the companies, this is called the Shell companies network. It is so difficult to find out the owner of the companies through this network that Cayman Island and alike countries have so many companies that does not disclose the owners names. To participate in Indian Stock Market, one needs SEBI's approval and to coverup the details of the companies that are doing Hawala business, invest money in the stock market through FII's and FDI's and these participatory notes are issued under these institutional names and not under the any person or company name. So the these FDI's, FII's or brokers are the direct owners of these Participatory notes and the person who bought those notes are the indirect owner. And this way the black money is coming into stock market and they can liquidate it at anytime. To know the step by step procedure of how this black money is getting converted to White Money. Watch the entire video. So Let's begin: 0:59 - What is Hawala Business? 1:21- Countries that are involved in this Hawala Business. 1:42 - How black money going out of India? Join this channel to get access to perks: https://www.youtube.com/channel/UCUMccND2H_CVS0dMZKCPCXA/join
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