New Delhi, Nov 5 (PTI) Cracking down on a Hawala racket, the Enforcement Directorate has arrested six businessmen here for allegedly laundering money to the tune of Rs 50 crore.

Three of the accused -- Harmesh Arora, Harish Chowdhary and Pradeep Kumar Manglik -- are in the custody of ED following an order from a special court, while the remaining persons -- Sarfarash Ahmad, Gopal Singh and Gopal Sharma -- will be produced before the court soon, official sources said.

All the six businessmen, dealing in readymade garments, were allegedly over-invoicing their trade bills by about 25 per cent to foreign countries and earning illegal profits, they said.

The businessmen were already being investigated by the Directorate of Revenue Intelligence for allegedly fudging their export bills.