Hyderabad: ED busts Rs 12k-cr hair racket leading to ‘balding’ China
Tuesday, 5 March 2024
China is battling baldness while a smuggling racket worth Rs 11,793 crore has been exposed. The ongoing ED probe has revealed a complex money trail and alleged money laundering through the Hyderabad-Mizoram-Myanmar route. Nayla Family Exports Private Ltd is involved in a hair smuggling racket, using benami import-export codes (IEC) to export hair to Myanmar, Bangladesh, and Vietnam.
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