The Income Tax (IT) Department has busted a Hawala racket and seized cash worth Rs. 25 crore from Naya Bazar in Chandani Chowk. The IT Department sources told ANI that they conducted a raid at a private vault and recovered the cash amount from more than 100 lockers. The IT sleuths carried out the raid at eight locations across Delhi.

The sources further said that in the preliminary investigation the IT Department found that mostly Hawala traders were using that locker to keep their money.