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Dutch officials arrest 3 over laundering $1B for Ambani unit
short by Shruti Maria Mahendar / on Sunday, 7 April, 2019
Dutch investigators have arrested three former employees of a local firm suspected of laundering $1.2 billion by over-invoicing services for East West Pipeline, formerly called Reliance Gas Transportation Infrastructure. Officials said the money was "creamed off" to Singapore's Biometrix Marketing, a firm allegedly linked to Reliance. The Mukesh Ambani-led unit has, however, denied the claims.
read more at Bloomberg Quint