India is now urging law enforcement agencies to employ a coordinated effort in investigating the finances of Chinese companies
India’s arrest of a man, described as the “mastermind” behind shell companies linked to China, is the most recent sign of New Delhi’s increased pressure campaign on mainland companies in recent months.
The Ministry of Corporate Affairs said on Sunday that the suspect had appointed dummy directors onto the boards of these fraudulent businesses, which were potentially involved in “financial crimes detrimental to the financial security of the country”.
His arrest came after several raids were conducted, including at the Gurgaon offices of Jilian Consultants India Private Ltd, a wholly owned subsidiary of Jilian Hong Kong Ltd.