Two Chinese nationals held in money laundering case sent to 14-day ED remand
Jan 17, 2021
New Delhi [India], January 17 : Two Chinese nationals, who were arrested in a money laundering case, have been sent to 14-day remand of the Enforcement Directorate, said ED officials on Sunday.
Two Chinese nationals Charlie Peng and Carter Lee were produced to a court which sent them to 14-day remand, ED officials told ANI.
"They have been accused of allegedly running a hawala racket to the tune of Rs 1,000 crore. In August 2020, ED has registered a case of money laundering against a Chinese national after their premises were raided by the Income-tax department," they added.
42-year-old Peng has been allegedly holding a fake Indian passport and also accused of creating a web of sham companies which he used to launder hawala funds to and from China.
Peng had been arrested in 2018 by the Special Cell of the Delhi Police on charges of fraud and forgery.
It may be recalled that in August 2020 the Income Tax Department conducted raids against some Chinese individuals and their local associates for allegedly indulging in a money-laundering racket involving Rs 1,000 crores using shell or dubious firms.
