Khanani pleads guilty to money laundering in US court

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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.

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