TW Newsdesk, March 18: The Enforcement Directorate (ED) has registered a charge-sheet against 12 entities and individuals, including three Reserve Bank of India (RBI)-registered Non-Banking Financial Companies (NBFCs) and three Chinese-controlled fintech firms as part of its money-laundering investigation into alleged operation of illegal Chinese loan apps.

The NBFCs were accused of letting the loan apps’ owners, the three Chinese-controlled firms, run money-lending business by using their names in lieu of commission.