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As China battles baldness, ED unearths Rs 11,793 crore hair racket | Hyderabad News - Times of India
A Rs 11,793-crore human hair smuggling racket has been uncovered with a complex money trail and alleged money laundering through a Hyderabad-Mizoram-M
timesofindia.indiatimes.com
Hair was smuggled to Myanmar, Bangladesh, Vietnam and China
An ongoing ED probe has thrown up a Rs 11,793-crore human hair smuggling racket spanning a complex money trail and alleged money laundering through the three-point-corridor. Details have emerged on how such slush money is routed back to Hyderabad from traders in Myanmar.The cash is deposited and routed through multiple accounts. Of the total sum of Rs 11,793 crore, around Rs 2,491 crore in cash (over 21%) was deposited in such accounts.
