India, July 2 -- LUCKNOW The fake international call centre busted by the Lucknow Police from the Summit Building was allegedly operating a business worth nearly Rs.150 crore annually, despite having no company registration, formal lease agreement and paying its entire monthly rent in cash, police said on Thursday.

Police commissioner Amrendra K Sengar told HT that preliminary investigation indicates the syndicate was generating Rs.30-40 lakh in transactions every day. The estimate works out to nearly Rs.12 crore a month and about Rs.150 crore annually.

"The exact proceeds of crime are still being ascertained, but the daily transactions were in the range of Rs.30-40 lakh. Hawala channels were used to transfer the money to India," Sengar...