MEERUT, May 11 -- A man from Ratnanandpur village in Bareilly district has come under police investigation after the Financial Intelligence Unit-India (FIU-IND) flagged suspicious bank transactions worth over Rs.97 lakh routed through his account over a span of two months. Following a preliminary inquiry, Bareilly police registered an FIR against the man, Puneet Kumar, on Saturday after failing to find a credible explanation for the unusually high-value transfers.

The account, held by Kumar at the Rampur Garden branch of a private small finance bank, showed a recurring pattern of large deposits followed by immediate fund transfers - a trend often linked to money laundering and hawala operations, officials said.

Senior superintendent of ...