He explains that "broker accounts" had been activated to stash the cash wired from India. According to Khalique, Razzak had made some mistake in depositing the money in these accounts due to which the money had been blocked. He assures Moti that the money in Panama should be intact.Khalique further suggests the money could be withdrawn by him after he receives his credit/debit statements from the Panama bank. The money is deposited in anonymous bank accounts or invested in companies. For instance, the transfer cost of the Rs 45 crore transaction was 5 crores.

Source: Times of India September 11, 2016 20:35 UTC