100+ apps outwitted FIU, sent thousands of crores to China: ED

NEW DELHI: China’s financial invasion is something Indian authorities are as worried about as fighting its physical army at the borders. A similar security concern has emerged after an investigation by the Enforcement Directorate (ED) revealed some Chinese nationals have illegally floated multiple Indian companies, collecting thousands of crores in revenue and repatriating them to China, undetected by the Financial Intelligence Unit (FIU).

Link: 100+ apps outwitted FIU, sent thousands of crores to China: ED
via timesofindia.indiatimes.com

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: