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Get Answers to all your Questions
What is the "hawala" system mentioned in the case?
Option: 1
A legal method of transferring money internationally
Option: 2
An informal and illegal method of transferring money without a formal financial trail
Option: 3
A government agency responsible for financial investigations
Option: 4
A type of political party in India
Answers (1)
The "hawala" system is an informal and illegal method of transferring money without a formal financial trail. hence option b is correct.
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