India, March 27 -- The special court trying the Torres Jewellery case has remanded Alpesh Khara, the hawala operator arrested in connection with the investment scam, to the custody of the Enforcement Directorate (ED) till April 1.

Based on the material submitted by the investigating officer, the special court on Wednesday observed that prima facie, it appeared that Khara was involved in handling and layering of the proceeds of crime.

The ED told the court, constituted under the Prevention of Money Laundering Act, 2002, that Khara was the owner of angadia or hawala services, and the money was delivered through a code system developed by Platinum Hern Pvt Ltd, the holding company of the Torres brand. This was done by creating a group on T...