Khanani pleads guilty to money laundering in US court


news564s6f56sfHE was once one of the country’s largest currency dealers, but last week Altaf Khanani pleaded guilty to a money laundering charge before a United States court. He now faces a maximum penalty of 20 years in prison plus a fine of $250,000. The plea agreement between Khanani and the prosecutor was signed on Oct 27, 2016.
Khanani was arrested in September last year following a sting operation by the US Drug Enforcement Administra­tion (DEA), and has been in jail ever since. According to unconfirmed reports, the arrest was made in Panama after a sealed grand jury indictment in the US District Court of the Southern District of Florida charged him on 14 counts of money laundering in June 2015.

We uses cookies to offer you the best experience online. By continuing to use our website, you agree to the use of cookies.