The Enforcement Directorate (ED) has discovered a human hair smuggling racket worth ₹11,793 crore following an alleged money laundering scheme in Hyderabad, Telangana.
In 2021, action was taken against Nayla Family Exports Private Ltd, based in Hyderabad, for their involvement in the smuggling racket. They were accused of utilizing benami import-export codes, engaging in impersonation, and committing forgery in connection with the illicit operation. The alleged money laundering activities were conducted through what is termed as a “three-point corridor” involving Hyderabad, Mizoram, and Myanmar.
Amid the hair loss issue affecting the Chinese population, hair smuggled from Hyderabad has been transported to China, as well as other countries such as Myanmar, Bangladesh, and Vietnam. This smuggling operation reportedly involves transportation from Hyderabad airport and through various land routes.
The report provided details on how the illicit funds are routed back to Hyderabad from traders operating in Myanmar.
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A significant amount of cash totaling ₹2,491 crore, which accounts for over 21% of the total sum of ₹11,793 crore, was deposited into various accounts after being routed through multiple channels.
In February 2022, the Enforcement Directorate (ED) carried out extensive searches across the country, revealing a clandestine operation focused on exporting hair to Myanmar.
The Enforcement Directorate (ED) took prompt action, initiating cases in 2021 against Nayla Family Exports Private Ltd for allegedly participating in illicit practices, including the use of fictitious Import-Export Codes (IEC), impersonation, and forgery.
Nayla purportedly set up numerous shell companies to export hair at considerably reduced prices. According to reports, these shell entities are dissolved whenever they come under scrutiny from tax authorities, with new IECs subsequently created. Payments, estimated at around ₹8,000 crore annually, are believed to be received through hawala channels.
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