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Thursday, April 8, 2021

Indian Crime Lords Provided 'Hawala Money' to Sinaloa Cartel

"MX" for Borderland Beat

Top U.S. Drug Enforcement Administration sleuths are reportedly hunting for Bakshish Singh, a key money launderer linked with the dreaded Sinaloa drug cartel of Mexico, and his two aides, Balwant Rai Bhola and Sanjeev Bhola. (photos via IANS)

NEW YORK/NEW DELHI – Controversial Bollywood actress Mamata Kulkarni's husband Vicky Goswami, extradited by the U.S. Drug Enforcement Administration, leaves a trail of several drug traffickers from the Indian sub-continent which are presently wanted by Washington.

While Goswami is jailed in New York, three Indians, reportedly operating from British Columbia in Canada, figure on the list of the DEA's most-wanted fugitives. Top DEA sleuths are reportedly hunting for Bakshish Singh, a key money launderer linked with the dreaded Sinaloa Cartel of Mexico.

As per DEA reports, Bakshish was earlier working for international hawala ring leader Gurkaran Singh, a Canadian national of Indian origin. Gurkaran was arrested by the DEA a few years ago in Los Angeles, Calif., on charges of providing millions of dollars to the Sinaloa Cartel. Sources in Indian agencies revealed that Bakshish Singh and his two aides, Balwant Rai Bhola and Sanjeev Bhola, could be hiding in Canada or Punjab.

The DEA's wanted list also names Balwant and Sanjeev Bhola as members of the international hawala ring allegedly working at the behest of Mexican drug cartels. Along with Bakshish, both Sanjeev and Balwant are charged for "conspiracy to launder money."

According to a DEA report, Bakshish Singh's last known address was located in Surrey, a city in British Columbia. Several Indian-origin drug traffickers have been earlier operating from Surrey, which is a part of the metro Vancouver area and touches the U.S. border. Sources said that Bakshish might have escaped to India and could be living under fake identity.

Bakshish, born in the ‘70s, was not the only one from India to facilitate funds for the Sinaloa Cartel. In 2018, two Indians, Manu Gupta and Mohammed Sadik, were arrested by the Directorate of Revenue Intelligence (DRI) from Indore for supplying drugs to one Jorge Solis, member of the Sinaloa Cartel.

The DRI had recovered 10 kg of drugs from the possession of Solis and Gupta which were priced over Rs. 100 crore in the international market. Gupta was later found to be working for the Sinaloa Cartel for the past several years.

Sinaloa is a sovereign state in western Mexico. The strategic location of Sinaloa and political patronization gives the drug cartel a safe haven to operate their international drug racket from this state.

The DEA earlier unearthed another big-time drug cartel involving Vicky Goswami, a former aide of underworld don Dawood Ibrahim, head of the infamous Southeast Asian criminal group, the D-Company ("D" for Dawood).

The DEA had also tipped Indian agencies about a pharmaceutical company allegedly operating from India, where drugs like mandrax and ephedrine were being manufactured. The pharma company having linkages with alleged drug traffickers was later sealed by the police.

The investigation report filed by the DEA in the U.S. District Court, Southern District of New York on July 25, 2019, had revealed the name of D-company aide Goswami and Ali Punjani, former husband of another Bollywood star Kim Sharma. Goswami was extradited by the DEA from Kenya to face trial in New York.

The Drug Enforcement Agency (DEA) of US has exposed one of the biggest drug cartels in US net and has revealed India connection with it. (Image: IANS)

What is 'Hawala Money'?

Hawala is an informal method of transferring money without any physical money actually moving. It is described as a "money transfer without money movement." Another definition is simply "trust."

Hawala is used today as an alternative remittance channel that exists outside of traditional banking systems. Transactions between hawala brokers are made without promissory notes because the system is heavily based on trust and the balancing of hawala brokers' books.

Hawala originated in South Asia during the 8th century and is used throughout the world today, particularly in the Islamic community, as an alternative means of conducting funds transfers. Unlike the conventional method of transferring money across borders through bank wire transfers, money transfer in hawala is arranged through a network of hawaladars or hawala dealers.

Hawala dealers keep an informal journal to record all credit and debit transactions on their accounts. Debt between hawala dealers can be settled in cash, property, or services. A hawaladar who does not keep their end of the deal in the implied contractual system of hawala will be tagged as one who has lost their honor and will be ex-communicated from the network or region.

Source: India West News; Investopedia Definition

44 comments:

  1. Note: The D-Company's connection with Mexican drug cartels is an understudied and under-represented topic in media / research. If anyone has more info, please share.

    From my understanding, the D-Company is mostly based in Maharashtra, a state in western India, and there are two major factions (one headed by Dawood and another by former kingpin Chhota Rajan). The factions continue to do business together but there is distrust since the 1993 Bombay bombings.

    Many D-Company top members live in Mumbai, near the Amritsar (Punjab) border area with Pakistan, or in Pakistan.

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    Replies
    1. Hey, heads up you have a typo in the article, "D-Comapny". Great read

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    2. @11:57 - Why am I not surprised? LOL.

      Fixed, and thank you!

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    3. 12:01 - thanks for the post MX. Question to you... any presence of these Indian groups (maybe launderers) operating in Mexico? What else can you share about the D Company? All this is very new to me but I was somewhat familiar with Dawood from pictures.

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    4. It's widely known that Dawood has a residence in Pakistan. Karachi I believe, and also Mumbai. The people there know about this guy pretty well. It's like an open secret

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    5. @12:05 - Hi, great question. Let's start by saying I don't know and haven't done deep research on their presence in Mexico. Everything I say will be anecdotal.

      I know there are a lot of Indian-descent families in Toluca, Edomex, and Jalisco (some with direct business ties to India). I've done business with a few Indian-Mexican people and some of them come back and forth from India/Mexico. I wouldn't doubt the D-Company is aware of this.

      D-Company is largely protected by corrupt Pakistani government forces, including their intelligence agency. Their leader Dawood apparently lives quite openly in Karachi, Pakistan, and was given a Pakistani passport when India when after him following the bombings. But it's hard to research about Dawood because many Indian sources are heavily biased against Pakistan.

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    6. D-Company founded by Dawood Ibrahim was originally based in Mumbai but after the 1993 bomb blasts Dawood and most of his gang members fled to Dubai & Pakistan. The D-Company still controls lot of illegal activities in Mumbai from Karachi in Pakistan. Dawood Ibrahim is protected in Pakistan by the ISI (Inter Service Intelligence) & the Pakistani army. The D-Company is a multi billion dollar cartel.

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    7. Marvelous article as always MX. There are proffesional money launderers moving money between Asia, the Middle East and Latin America (specially in Colombia, Brazil, Argentina and Paraguay, but also for Mexican groups) The D-Company used to have a guy called Altaf Khanani working for them for Hawala purposes. He also provided services to Colombian and Mexican organizations as well as several terrorist Sunni groups... He was caught a few years ago and negotiated an agreement with US prosecutors

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    8. India's Prime Minister Modi ordered New Money printed to replace old dirty out of control hindú money, did it work?

      Delete
  2. Animo Sicarios!
    Ya se la saben chavalones CDS es Billionario en USD ,British Pounds ,Euros ,Yen y Hawala Money.
    Real international bosses puro Sinaloa

    ReplyDelete
    Replies
    1. Bro ur so stupid idk how the fuck ur comments always post but since I'm gettn at u and idiocy my shit won't get posted

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    2. Jokes on you lol @2:29 you got posted

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    3. Buahahahha
      Hear what your saying,the clown is like a half assed mascot or some shit.Man,some of these imbeciles live for trollin on the net

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    4. Puro Tie Jusm Operador de frijoles.

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  3. These Indian criminal figures literally look like they came out of the movies. The stereotypical Southeast Asian gangsters. Shades, moustache, chubby, posing with a cigar, married to actresses. I wonder to what extent did Bollywood influence they way these criminals behave and portray themselves.

    - El Choclo

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    Replies
    1. Don't forget Kollywood (Tamil language films from India).

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  4. Crazy how Mexican cartels adapt to the business culture of an area. Hawala is heavily based on trust like the article says and it’s not easy to get into these circles.

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    Replies
    1. Interesting, it is a lot like the diamond trade , which is also a closed network that is largely based on trust

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  5. MX DTO's are the least trustworthy, especially those dirty Michoacan rats. if it wasnt for Lazaro cardenas Sinaloa would have abandoned that sh*thole a long time ago, and Cjng would own the entire state right now

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  6. Chinese have the same type of underground banking system. No wonder Asians and Indians and Arabs own most of the gas stations and convenience stores and small hotels in the US.

    ReplyDelete
  7. CHAPO snitched... ALL the way to 🇮🇳

    ReplyDelete
    Replies
    1. CDSNITCHaloa: nosotros si ponemos dedo

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    2. Chapo went to trial without getting on the stand. Your statement is completely false. W.e happenend in mexico who knows. But for sure he didn’t cooperate while in the US. His trial was public unlike many others who was private with all kinds of sealed documents. He gangstered up and took that L like a real one. Straight up. Everyone snitched on him. Theres no point in him cooperating after being found guilty because regardless hell never get out. He’ll be lucky to make it to the stepdown program to possibly hit the mainline. Which my happen eventually after years of being in ADX unless they treat him as a terrorist but eventually he has to step down to USP level facilties. More than likely USP Florence. Since its next to ADX. And next to the biggest prison compound in the world in Canon City CO. Where Fremont, 4mile, arrowhead, skyline, CSP, CSP2, Centennial and Territorial correctional facilities are all located right next to him. Smells like cow shit all summer there coming in through your vent. Scorpions somehow reach your cell. And tarantulas on your way to chow. The rockies tap water is good for drinking water though and real cold. Im sure hes adjusting hell be alright.

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    3. Keyboard warrior of the year for the past 5 years goes to Chapo snitched guy

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    4. Who did he snitch on you have the paperwork? Ur a fukn idiot. You done time? Cuz i have. If u dont have any black and white u cant open ur fukn mouth. That simple.

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    5. 5:36 where were you locked up at treemont I was in 4 mile but yea whole place smells like cow shit

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    6. @2:37 how could he testify against anybody else when he's on trial as a kingpin? GGL will be forced to plea out or you'll see JAGL "promise to tell the truth, the whole truth and nothing but the truth so help him GOD" and to incentivize him EMMA and the girls will be dangled as the carrot. Remember that..

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    7. & el double R.
      I was at CSP and Limon for ten years my boy.

      Delete
    8. @12:37
      Wym? He could’ve cooperated and helped them take down foos in Sinaloa. And he refused. If you dont have any black and white you cant call somebody a snitch. Bottom line. Thats how the system works. I did ten fukn years. Youll get ur fukn ass beat for making accusations you dont have proof on. All the other major dudes that been caught cooperated. Some sealed documents. Anyone with sealed documents in there case is suspect as fuck. And prolly wont hit the mainline. Anyone you cant find on inmate locator is suspect as fuck. Anyone with a 5k1 on there paperwork is a rat. W.e dude did in mexico who knows due to corruption and shit well never know. But when it comes to the US if there isnt black and white really its all bitches gossiping.

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  8. Infighting is making them spill the beans

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  9. Sinaloa is not a sovereign state.

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  10. India can consider themselves Indian, but in the Americas and all around the world there is only one Indian type and that peoples reside here in South, Central, and North America. Find a new name because we're putting dots on all the foreheads. Our border ain't uh shitshow for you and the ones across yours to be stagnant on. The dot is coming and an ash is humming.

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  11. Parecen michoacános a primera vista .

    ReplyDelete
    Replies
    1. 🤣🤣🤣🤣 prietos, feos y mal encachados.

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    2. X eso no progesamos los Mexicanos x odiamos los sotros mismos

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  12. 12:28 yea im not racist but this asians indians and arabs are straight business..they have this!

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  13. Im surprised there hadnt been a snitchaloa comment wow. Mfs mustve been at their 9-5 all fukn day or watching porn

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  14. My only question is why are we hearing about all this cds partners from india and other parts of the world when they are so low key? My only conclucion is they are been snitched on by the cdsnitches, i bet they regret doing bussiness with those snitches

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  15. East Indians have been in this trade since the 60’s, they just don’t broadcast it. In the mid 2000’s there were 5 huge ephedrine plants in the world, 1 in China and 4 in India. Their biggest customer was Mexico, the most expensive house in the world is in India ($1 billion). The underworld knows the owner of that home has always had his fingers in different pies. Real bosses move in silence. The new generation dope dealers dress like dope dealers and then complain when the police harass them. In northern India you can buy a kilo of 100% uncut Afghan heroin for $1000.

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    Replies
    1. "real bosses move in silence" lol sounds fcking cliche. Most people who say this are uneducated as f*ck.

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  16. I guess that “guy who knows nothing” was right all along about the Indians and Chinese. He was a trip and most of the shit he said came to be on point!

    ReplyDelete

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