New Delhi, Jan 17 (IANS) The Enforcement Directorate (ED) has arrested two Chinese nationals in connection with its money laundering probe that it registered last year in August, officials said on Sunday.
An ED official related to probe told IANS, "ED arrested Luo Sang aka Charlie Peng and Carter Lee arrested on Friday under Prevention of Money Laundering Act (PMLA)."
The official said that Peng and Lee are accused of running a huge hawala operation for Chinese companies through hundreds of shell companies.
The official said that they were produced before a court on Saturday and sent to ED custody for 14 days.
The agency has registered a case of money laundering against them in August last year after the Income Tax department had carried out raids and claimed Peng and other Chinese nationals were running a huge hawala operation.
They were also accused of running an espionage racket. The Delhi Police has also registered a case against them.
New Delhi, March 6 (IANS) Oil marketing companies have spared consumers of yet another petrol and diesel price hike even though the global oil market is on the boil with crude reaching within touching distance of year-high-level of $70 a barrel.
Petrol continues to be priced at Rs 91.17 a litre and diesel Rs 81.47 a litre in the capital on Saturday. Across the country too, the petrol and diesel price remained unchanged.
This is seventh consecutive day when pump prices of auto fuels have remains unchanged.
After a spike in global oil prices seen over last two weeks with crude price jumping close to $67 a barrel, prices had fallen to around $63 a barrel but it rose again to cross $69 a barrel mark now after after the OPEC+ decision to continue with crude production cut in April.
Petrol and diesel prices have been rising continuously since February 9. In the 14 increases since then, price have gone up by Rs 4.22 per litre for petrol while diesel rate has risen by Rs 4.34 a litre in Delhi.
The increase in the previous weeks has taken petrol to cross historic high levels of Rs 100 a litre in several cities across the country.
The petrol and diesel prices have increased 26 times in 2021 with the two auto fuels increasing by Rs 7.46 and Rs 7.60 per litre, respectively so far this year.
Oil companies executives said that petrol and diesel prices may increase further in coming days as retail prices may have to be balanced in line with global developments to prevent OMCs from making loss on sale of auto fuels.