ED registers money laundering case in Rs 1,000 cr Chinese hawala scam

Probe allegedly reveals that at the behest of Chinese individuals, more than 40 bank accounts were created in various dummy entities

The Enforcement Directorate (ED) on Monday said it has registered a case of money laundering against Luo Sang alias Charlie Peng and others in Chinese hawala scam.

A top ED official told IANS, "We have registered a case of money laundering under the provisions of Prevention of Money Laundering Act, 2002 (PMLA) in Chinese hawala scam."

The financial probe agency's action comes days after the Income Tax department on August 11 mounted a search at various premises of identified Chinese entities, their close confederates and couple of bank employees.

The IT department action was followed after credible information with the