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The Times of India
The Times of India
National
Pradeep Thakur | TNN

100+ apps outwitted FIU, sent thousands of crores to China: ED

NEW DELHI: China’s financial invasion is something Indian authorities are as worried about as fighting its physical army at the borders.

A similar security concern has emerged after an investigation by the Enforcement Directorate (ED) revealed some Chinese nationals have illegally floated multiple Indian companies, collecting thousands of crores in revenue and repatriating them to China, undetected by the Financial Intelligence Unit (FIU).

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