ED files money laundering case against Chinese national for allegedly running hawala racket

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National News

Aug 18, 2020

8:21AM

ED files money laundering case against Chinese national for allegedly running hawala racket

@dir_ed

The Enforcement Directorate, ED has registered a money laundering case against a Chinese national for allegedly running a hawala racket worth an estimated one thousand crore rupees using shell or dubious firms. The central probe agency has pressed sections of the Prevention of Money Laundering Act against 42 year old Charlie Peng alias Luo Sang who is alleged to be the kingpin of the racket.

Peng and some of his alleged associates, including Indians, and bankers were raided by the Income Tax Department last week. The taxman had searched at least two dozen premises, including that of Peng in Gurgaon.

The ED has taken cognisance of the tax department's evidence and action and a Delhi Police Special Cell FIR against Peng before filing the criminal case of money laundering against him. Peng was arrested by the Special Cell of the Delhi Police in September, 2018 on charges of fraud and forgery and was allegedly running an illegal money changer. He is currently being questioned by the tax department apart from central intelligence agencies.