China hawala racket: ED files money laundering case against Lou Sang

The Enforcement Directorate (ED) has lodged a money laundering case against the Chinese national Lou Sang after the Income Tax department unearthed Hawala network being run by him worth thousands of crore. Sources have told India Today that the ED has lodged case against Charlie Peng alias Lou Sang under Prevention of Money Laundering Act based on the FIR filed by the Delhi Police in 2018.

42 years old Lou Sang, the Chinese national is being interrogated by the Income Tax for infusing money through Hawala network, sources said. Interestingly, Lou Sang was arrested in a cheating and fake passport case in 2018 by Special Cell, however, later he was released due to lack of evidence.