Illegal Funds Transfer

A Chinese national has been arrested by the Anti-Terrorism Squad (ATS) of Uttar Pradesh Police for allegedly transferring huge amount of funds through online bank accounts opened with SIM cards procured against fake identity documents.

Chinese authorities have uncovered an "underground bank" which illegally transferred money overseas in a case valued at $64 billion, said to be the country's largest ever, according to a police statement.

Expressing concern over illegal Rs 6,000 crore transfer of funds through a Bank of Baroda branch, RBI Governor Raghuram Rajan on Thursday said it will be pursued both by the central bank and investigative agencies to the "ultimate conclusion" to ensure that the guilty are made to "pay the price" for it.

A woman "kingpin" of an illegal money transaction racket operating in Bihar with Pakistani link, has been arrested from Karnataka by Bihar Police.

A Chinese national has been arrested by the Anti-Terrorism Squad (ATS) of Uttar Pradesh Police for allegedly transferring huge amount of funds through online bank accounts opened with SIM cards procured against fake identity documents.

Chinese authorities have uncovered an "underground bank" which illegally transferred money overseas in a case valued at $64 billion, said to be the country's largest ever, according to a police statement.

Expressing concern over illegal Rs 6,000 crore transfer of funds through a Bank of Baroda branch, RBI Governor Raghuram Rajan on Thursday said it will be pursued both by the central bank and investigative agencies to the "ultimate conclusion" to ensure that the guilty are made to "pay the price" for it.

A woman "kingpin" of an illegal money transaction racket operating in Bihar with Pakistani link, has been arrested from Karnataka by Bihar Police.