BUSINESS

Feds raid LA fashion hub in money laundering probe

Staff Writer
Columbus CEO

LOS ANGELES (AP) — Federal authorities have been raiding dozens of businesses in the fashion district of Los Angeles in a drug money laundering probe.

Immigration and Customs Enforcement said Wednesday that several arrests have been made.

Hundreds of federal and local law enforcement agents fanned out across downtown Los Angeles in the sweep targeting about 70 locations.

The agency declined to provide further details pending a press conference with federal prosecutors later Wednesday.