In 2019, in which of the following districts of Rajasthan, the 'Anti Corruption Bureau' (ACB) busted a 'hawala' racket?

Correct option is B

Ans. (b)

Sol.
The correct answer is (b) Jaipur. In 2019, the Anti Corruption Bureau (ACB) of Rajasthan successfully busted a major hawala racket in Jaipur. The ACB arrested several individuals involved in illegal foreign currency exchange through the hawala network. The operation was part of the ACB’s efforts to combat corruption and financial crimes in the state.

The bust was significant as it highlighted the ongoing challenge of hawala operations, which are illegal channels used for money transfer without going through official banking or financial institutions. Such rackets are often associated with money laundering, terrorist financing, and other illicit activities.

Information Booster:

1. Hawala is an informal method of transferring money, often used to bypass legal banking channels and evade taxes.

2. The ACB is a specialized agency in Rajasthan tasked with investigating corruption and illegal financial operations involving public servants.

3. The hawala racket that was busted in Jaipur was part of a larger investigation aimed at curbing such illegal financial networks operating in India.

4. The ACB’s crackdown on such activities is crucial for maintaining the integrity of the financial system and preventing the misuse of funds for unlawful purposes.

5. The Jaipur bust was a part of the broader anti-corruption measures undertaken by the state to ensure transparency in financial dealings.