India's ultra-rich create havens abroad to siphon funds, says ED

In a charge sheet filed on November 2 against Madhya Pradesh chief minister Kamal Nath’s nephew Ratul Puri in connection with alleged irregularities in the AgustaWestland helicopter deal, ED has a separate section dealing with the modus operandi adopted by such individuals to launder the proceeds of crime,particularly the foreign entities they create to do so.

from Hindustan Times - india https://ift.tt/33mo0Ck

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