Delhi: ED team undertaking searches attacked in money laundering case

An Enforcement Directorate team undertaking searches in a cyber fraud linked money laundering case was allegedly attacked here on Thursday, officials said.

The federal agency has registered a police FIR about the incident that took place in the Bijwasan area of the national capital.

The probe pertains to a case against the PPPYL cyber app fraud.

The alleged accused in the case, including Ashok Sharma and his brother, allegedly attacked the ED team. An FIR has been filed and situation is under control, sources said.

Meanwhile, on Wednesday, ED said it arrested two Delhi-based importer brothers in a money-laundering case linked to alleged illegal foreign remittances worth more than Rs 4,800 crore made to Hong Kong and China.

Mayank Dang and Tushar Dang were taken into custody on November 25 in the national capital under provisions of the Prevention of Money Laundering Act.

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A local court has sent them to Enforcement Directorate (ED) custody till Thursday, the agency said.

Earlier, Manideep Mago and Sanjay Sethi were arrested as part of this investigation.

The case involves “illegal” sending of foreign remittances worth Rs 4,817 crore against “bogus” and “forged” invoices for making compensatory payments for under-invoiced imports made from China and Hong Kong.

The Dang brothers, the agency said, made a “well organised” syndicate comprising a big pool of Indian importers and traders, cash handlers, international hawala agents, local ‘Angandiya’ firms, numerous Chinese manufacturers and suppliers and a “dedicated” chain of warehouses in several Chinese cities.

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The Dang family also operated and controlled several foreign entities in “collusion and collaboration” with a key Chinese member of the syndicate known as “Mr King” who, after procuring goods from Chinese manufacturers and suppliers and accumulating the same in warehouses, exported them to the firms “controlled and owned” by the family.