‘We are still more reliable than a Swiss bank’

The reasons?
There are various factors. But the main reason is the fall in smuggling gold into the country. This is also because the government reduced duty on gold imports.

Was it liberalisation too?
In a way yes. Again this was linked to smuggling activities in the country.

Has 9/11 had any effect on hawala business in the city or country at large?
I don’t think so. Regular business is on despite the surveillance.

What is the important value in the business?
This business is based on 100 per cent trust. Which is why it is fast, swift and more reliable than a Swiss bank.