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Money laundering: I-T raids continue on Chinese individuals, local contacts

I-T dept has seized a number of documents and computer peripherals and has recovered about Rs 60-70 lakh cash from multiple premises in the Delhi-NCR region till now

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The department has detained a 42-year-old Chinese man, identified as Charlie Peng, alleged to be the kingpin of the racket and few other nationals of that country on work visa in India are on its radar

Press Trust of India New Delhi

4 min read Last Updated : Aug 12 2020 | 9:52 PM IST

The Income Tax Department on Wednesday continued its raids against some Chinese individuals and their local associates in connection with its probe into a Rs 1,000 crore worth cross-border money laundering racket using shell or dubious firms, officials said.

The department, official sources said, has seized a number of documents and computer peripherals and has recovered about Rs 60-70 lakh cash from multiple premises in the Delhi-NCR region till now.

The tax sleuths raided at least two dozen premises in Delhi, Gurgaon and Ghaziabad on Tuesday as part of the action under which it covered the Chinese, some of their Indian associates

Topics : Money laundering I-T Department India China relations chinese companies I-T raids hawala

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