https://www.taxtmi.com/news?id=32235 Enforcement Directorate probe found a money laundering network tied to a China controlled loan app fraud that used hacked data to extort victims, routed proceeds through over 400 mule accounts and consolidated funds in India before remittance abroad as fake imports of software/digital services/tour services via normal banking channels and a global remittance facilitator; four Indian directors/proprietors were arrested and earlier searches led to freezing of significant bank deposits. en-us Fri, 31 Jan 2025 21:01:04 +0530 Fri, 31 Jan 2025 21:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=32235 Enforcement Directorate probe found a money laundering network tied to a China controlled loan app fraud that used hacked data to extort victims, routed proceeds through over 400 mule accounts and consolidated funds in India before remittance abroad as fake imports of software/digital services/tour services via normal banking channels and a global remittance facilitator; four Indian directors/proprietors were arrested and earlier searches led to freezing of significant bank deposits. News - Fri, 31 Jan 2025 21:01:04 +0530 https://www.taxtmi.com/news?id=32235