Chinese ‘underground bankers’ launder Sinaloa drug money Los Angeles – The US Justice Department on Tuesday accused Chinese “underground bankers” of helping Mexico’s Sinaloa cartel launder more than $50 million in drug trafficking proceeds.
An indictment unsealed in California charged 24 defendants with conspiracy to distribute cocaine and methamphetamine and with money laundering crimes.
The head of the Drug Enforcement Administration (DEA), Anne Milgram, said that a multi-year investigation dubbed “Operation Fortune Runner” had “uncovered a partnership between associates of the Sinaloa Cartel and a Chinese criminal syndicate operating in Los Angeles and China to launder drug money.”
