Regional News • Asia

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.

co-founder of Pendect. Trying to protect free speech and democracies by creating a global news platform that is built through expert contribution. In love with vinyl, psytrance and penguins.
Card reviewed by: @ericof