Hong Kong woman arrest for money laundering

     Written by : SMTV24x7 | Tue, Feb 28, 2017, 12:43 PM

Hong Kong woman arrest for money laundering

Mumbai February 28: A Hong Kong-based Indian woman Kritika Dahal has been arrested by the Enforcement Directorate(ED) on the charges of money laundering to tune of Rs 1478 crore.

The ED said in a statement that Dahal was allegedly using her company International Rising in Hong Kong to launder money in the garb of export of diamonds and gold. She was arrested on Saturday and now is in the custody of the ED.

The agency alleged that out of the total amount of Rs 1478 crore, around Rs 92 crore were laundered in old currency post-demonetisation.

"More than 100 accounts of different shell companies were involved in the operation and layering of these funds was done through more than 500 accounts. Ultimately, the funds from all companies/firms were credited through RTGS to a Mumbai-based firm Rajeshwar Exports which sent the money to Hong Kong in guise of payment of import of overvalued consignments of total 355 Bills of Entries," said an ED statement.