The Enforcement Directorate (ED) has arrested two Chinese nationals in connection with its money laundering probe that it registered last year in August, officials said on Sunday.
An ED official related to probe told IANS, "ED arrested Luo Sang aka Charlie Peng and Carter Lee arrested on Friday under Prevention of Money Laundering Act (PMLA)."
The official said that Peng and Lee are accused of running a huge hawala operation for Chinese companies through hundreds of shell companies.
The official said that they were produced before a court on Saturday and sent to ED custody for 14 days.
The agency has registered a case of money laundering against them in August last year after the Income Tax department had carried out raids and claimed Peng and other Chinese nationals were running a huge hawala operation.
They were also accused of running an espionage racket. The Delhi Police has also registered a case against them.
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.

An official said that Peng and Lee are accused of running a huge hawala operation for Chinese companies through hundreds of shell companies.

Money laundering case: ED arrests two Chinese nationals

Trending Stories

Latest Photos

Latest Videos

Latest Web Stories

Mid-Day Fast

Home / News / India News / Article / Money laundering case: ED arrests two Chinese nationals

Money laundering case: ED arrests two Chinese nationals

Trending Stories

Latest Photos

Latest Videos

Latest Web Stories

Mid-Day Fast