Income Tax Department raids premises of Chinese entities, local contacts in money laundering case
Shortpedia
Content Team
Image Credit: shortpedia
The Income Tax Department on Tuesday conducted a search on the premises of Chinese entities after getting credible information that few Chinese individuals and their Indian associates were involved in money laundering and hawala transactions through series of shell entities, according to a CBDT statement. Search action was conducted at various premises of these Chinese entities, and a couple of bank employees.
