DEFAMED CHINESE FIRMS UNDER SCANNER BY I-T SLEUTHS FOR MONEY LAUNDERING

• The income tax department found that over 40 bank accounts were made through mock units.
• The tax department found the shady deals linked to money laundering involving bank employees and chartered accountants.

The income tax department on Tuesday stepped up a frontal attack on some Chinese individuals and their Indian counterparts and some bank officials spread across Delhi, Gurgaon and Ghaziabad for alleged....