MEERUT, June 8 -- Two people were arrested by Bareilly police for their alleged involvement in suspicious financial transactions worth crores of rupees, leading to the busting of a major hawala network reportedly operating through a shell company. Police recovered Rs.35 lakh in cash, four mobile phones, and two fake Aadhaar cards from the accused. SSP Anurag Arya on Sunday said, the Special Operations Group and Baradari Police received intelligence about illegal financial transactions being conducted in the city. Acting on the information, a raid was conducted in the Madhobari locality, leading to the arrest of Zameer Ahmad of Hajiyapur, and Jagdish Chotiya, a resident of Bikaner in Rajasthan. Police found that the accused had set up a shell company named KGN, operating from an office located on Pilibhit Bypass Road. According to authorities, the firm had no legitimate business operations and was allegedly being used exclusively to facilitate suspicious financial transactions. Zameer Ahmad told police that the company had been opened in the name of Moin Ali on the instructions of Dubai-based Ali Zeeshan. According to investigators, funds were deposited into the company's bank account and subsequently transferred through a token-based hawala network. Police suspect the mechanism was designed to move unaccounted money while evading scrutiny through conventional banking channels. Police further said Jagdish Chotiya had been actively involved in hawala operations for the past four years. He allegedly handled the delivery and movement of funds through contacts based in Delhi's Chandni Chowk area. The investigation has also identified several other suspects connected to the network. Police are currently searching for Moin Ali, Lalchand, Dhammaram, and two additional accused who remain absconding. Authorities are also examining possible interstate and international links to the operation. HTC...