US accuses Chinese ‘underground bankers’ of laundering $50m in cartel drug money

Justice department charges 24 defendants and says long investigation reveals links between Sinaloa gang and China

• Revealed: how Mexico's Sinaloa cartel has created a global network to rule the fentanyl trade

The US Justice Department has accused Chinese underground bankers" of helping Mexico's Sinaloa cartel launder more than $50m in drug trafficking proceeds.

An indictment unsealed in California charged 24 defendants with conspiracy to distribute cocaine and methamphetamine and money laundering offenses.