Regional News • Asia
2020-08-13T22:30:02+00:00

India raids multiple Chinese entities over suspicion of money laundering

According to an official statement, multiple premises of Chinese entities have been raided by the tax authorities of India.

The Indian authorities are investigating suspected money laundering but did not specify which entities and individuals have been raided. Following the statement over 40 bank accounts in dummy entities have been created and entered into credits of over $134,03 million in the local currency rupees.

One of the checked Chinese companies has allegedly taken over $13,4 million from shell companies to open "retail showrooms" in India.

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