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ED books Chinese national Charlie Peng in Rs 1,000 cr hawala case

The ED registered the case on the basis of Delhi Police FIR lodged on September 13 in 2018. Pemg was raided by the Income Tax Department last week. He is still being questioned by Income Tax for money laundering and hawala connection.

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ED has registered a case against Chinese national Charlie Peng, also known as Luo Sang, and others under PMLA
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The Enforcement Directorate (ED) has registered a case against Chinese national Charlie Peng, also known as Luo Sang, and others under the Prevention of Money Laundering Act (PMLA) for their involvement in the Rs 1000 crore Hawala Case. 

The ED registered the case on the basis of Delhi Police FIR lodged on September 13 in 2018.  

Peng was raided by the Income Tax Department last week. He is still being questioned by Income Tax for money laundering and hawala connection.

Income Tax started raids against Charlie Peng and others involved accused including bankers and CAs on August 11 and unearthed Rs 1,000 crore hawala and money laundering racket. The I-T Dept said that Charlie Peng and some other Chinese national with the help of bank officials and CA opened 40 bank accounts and were operating shell companies. They withdraw Rs 100 crore from the bogus companies and established retail chain showroom in India.

Luo is still being questioned by Income Tax for money laundering and hawala connection. 

The ED case is based on Delhi Police FIR of 2018. He was apprehended from Delhi’s Majnu Ka Teela area on the suspicious of spying on Dalai Lama but later arrested in the charges of Forgery and Passport Act. 

He was released later on the bail and Police filed chargesheet against him on June 6, 2019. However, charges are yet to be framed. 

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