An Indian national in the US has been indicted on charges of running various international money laundering schemes and operating unlicensed transmission businesses.
Amit Agarwal, who was arrested in the US in December last year at Newark International Airport, operated a wholesale consumer electronics business in East Hanover in New Jersey.
He, along with six Colombian nationals, has been charged with four indictments. The Colombians were arrested in Colombia, and the US government is seeking their extradition to America.
US Attorney Geoffrey Berman said the illegal drug trade depended on shadow financial networks to move drug traffickers’ profits into the US banking system and across borders.
“As alleged, these defendants ran those types of networks in both the United States and Colombia,” Berman said.
As alleged in the indictments unsealed in Manhattan federal court, from about June 2018 to 2019, the defendants were involved in schemes to launder funds from locations throughout …
Iconic One Theme | Powered by Wordpress