MUMBAI (Reuters) – Indian authorities on Sunday said they had arrested a man who mastered the establishment of multiple shell companies with links to China and appointed fake directors to run the companies. fraudulent business.
The latest arrest is part of a larger investigation by the federal government’s Serious Fraud Office (SFIO) against the founders of shell companies used to carry out illegal transactions.
Earlier this month, the government began cracking down on Indian entities that were providing fake directors to some shell companies with links to China.
The SFIO said it had arrested a man named Dortse, who was on the board of Jillian India Ltd, a wholly owned subsidiary of Jillian Hong Kong Ltd, and had raided multiple places to uncover the case. cheat.
It neither describes China’s links to shell companies nor discloses the nature of the alleged frauds.
For the directors of some shell companies, Dortse will use the names of uneducated Indian nationals and do casual jobs, according to SFIO.
The Indian Express reported that local police have arrested two directors of a company, including a Chinese national, for allegedly being involved in providing fake directors to companies with contact China.