News Snapshot:
The Enforcement Directorate (ED) has registered a case of money laundering against Chinese national Charlie Peng also known as Luo Sang, for allegedly running a Rs 1,000 crore hawala racket using shell companies. The case is registered under the Prevention of Money Laundering Act (PMLA) and the Income Tax (I-T) Department on August 11 said it conducted search operations at various Chinese entities including two dozen premises of Peng and some of his alleged associates. The ED has taken cognisance of the tax department evidence and action and a Delhi Police Special Cell FIR against Peng before filing the criminal...
