The Hawala Scandal

Hawala Scandal

The $18 million scam came to light after the country's top political leaders were involved in receiving payments through hawala brokers. The Jain brothers were the main accused in the whole scandals who were apprehended by the police in 1995.

From the list of those accused also included Lal Krishna Advani who was then the Leader of Opposition. Thus, for the first time in Indian politics, it gave a feeling of open loot all around the public, involving all the major political players being accused of having accepted bribes and also alleged connections about payments being channeled to Hizbul Mujahideen militants in Kashmir.