The arrest was a part of a campaign against Chinese shell businesses that are allegedly involved in serious financial crimes in India.
The Serious Fraud Investigation Office (SFIO) has detained a man who was behind the incorporation of numerous shell companies with ties to China and who set up fictitious directors to serve on the boards of those companies to run the fraudulent enterprises. The arrest was a part of a campaign against Chinese shell businesses that are allegedly involved in serious financial crimes in India.
According to the agency, it raided numerous locations to find the scam and detained a man named Dortse, who served on the board of Jillian India Ltd, a wholly-owned subsidiary of Jillian Hong Kong Ltd.
This happened after the Ministry of Corporate Affairs (MCA) simultaneously conducted search and seizure operations on September 8 at the Gurgaon offices of Jillian Consultants India Pvt Ltd, a wholly-owned subsidiary of Jilian Hong Kong Ltd, as well as Fininty Pvt Ltd in Bangalore and Husys Consulting Ltd in Hyderabad.
The member of the board of Jillian India is Dortse. He has come to light as the mastermind behind the scheme to incorporate numerous shell companies with connections to China in India and appoint fictitious directors to the boards of those companies. According to documents submitted to the Registrar of Companies (RoC), the arrested person Dortse had demonstrated himself to be a resident of Mandi in Himachal Pradesh, the ministry said in a…
