ED to use diplomatic channels for probe into ₹10K crore money laundering case

ED'S PROBE HAS REVEALED THE ROLE OF SEVERAL CHARTERED ACCOUNTANTS, WHO ARE ACCUSED OF AIDING THE ACCUSED IN THE CASE IN INCORPORATION OF COMPANIES

- Abhishek Sharan

MUMBAI: The Mumbai unit of the Enforcement Directorate (ED) will use legal and diplomatic channels to trace the end recipients in its money-laundering case related to a network that is accused of orchestrating foreign remittances worth over ₹10,000 crore in an illegal manner.

The remittances were sent allegedly to entities located in Hong Kong, Thailand and Singapore, whose ownership details are required in the agency's probe to establish the identities of the end recipients of the illegal fund transfers and the origin of such funds, agency sources said.