Two Delhi importers are arrested in India for allegedly laundering over ₹4,800 crore through fake import invoices.

The Enforcement Directorate (ED) in India has arrested two Delhi-based importers, Mayank Dang and Tushar Dang, for allegedly laundering over ₹4,800 crore through forged invoices for under-invoiced imports from China and Hong Kong. The brothers are accused of operating a syndicate involving Indian importers, cash handlers, international hawala agents, and Chinese suppliers. The ED alleges that the funds were illegally remitted abroad without providing the services listed on the invoices.

November 27, 2024
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