India, Feb. 21 -- A hawala operator has been arrested in the Torres jewellery scam for helping the absconding Ukranian masterminds introduce unaccounted US dollars into the formal banking system in India. Mulund resident Lalan Singh, 58, was arrested by the Economic Offences Wing (EOW) of the Mumbai Police after he returned from the Maha Kumbh Mela in Prayagraj.

Singh was arrested late on Wednesday night from a mall in Vashi, shortly after he returned from Prayagraj, where he had taken cover for several days. Police said Singh had helped the prime accused, who have fled overseas, to introduce USD amounting to Rs.13.78 crore into banking channels in India. Police said he used several dummy companies through which he transferred the cash i...