India, July 11 -- The Enforcement Directorate (ED) has stepped into the ongoing investigation against Jalaluddin Shah alias Chhangur Baba, who is accused of masterminding a large-scale religious conversion racket.

The preliminary findings by the probe agency point to a foreign funding of about Rs.106 crore, mainly from the Middle East and illegal assets across states.

Initial inputs by the ED indicate that Baba and his associates controlled around 40 bank accounts, allegedly used to receive hawala transactions and funds from Middle Eastern countries.

On Wednesday, the ED's Lucknow zonal office registered a case under the Prevention of Money Laundering Act (PMLA), based on an FIR filed by the Uttar Pradesh Anti-Terrorism Squad (ATS) in ...