Underground Banker

Naresh Jain, 50, is suspected of moving over $2 billion in hawala annually, transferring money between countries outside normal banking channels.

“The illegal money transfer systems they use provide the infrastructure to launder cash for organized crime groups,” said Ian Cruxton, the deputy director of UK’s Soca. “These networks pay no attention to cultural or geographical barriers and launder money for … UK, Pakistani and Turkish nationals based in the UK and mainland Europe involved in drugs trafficking.”