ED to probe Chinese national hawala racket case

The Enforcement Directorate (ED) to initiate its probe into Chinese national hawala racket case. Earlier in the day, the Income Tax department busted a nexus of Chinese companies operating using hawala network.

A Chinese national named Luo Sang has been detained. He was infusing cash of around Rs 3 crore through Hawala on a daily basis with the help of bank employees.

It is suspected that the scam is worth over Rs 1000 crore using a subsidiary of Chinese company.