Fraud probe agency arrests plotter of Chinese shell companies from Gaya
India Today
The Serious Fraud Investigation Office (SFIO) has arrested the mastermind of Chinese shell firms from Bihar’s Gaya.
The Serious Fraud Investigation Office (SFIO) has arrested the mastermind of the racket that incorporates a large number of shell companies with Chinese links in India from Bihar’s Gaya. He was trying to flee the country.
The Union Ministry of Corporate Affairs said SFIO had arrested a person, identified as Dorste, who was working as the director of Jillian Consultants India Pvt Ltd.
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The ministry said he was the mastermind of the racket incorporating a large number of shell companies (an inactive company used as a vehicle for various financial manoeuvres) with Chinese links in India and providing dummy directors on their boards.
Raids were conducted on the offices of Jillian Consultants India Private Ltd, a wholly owned subsidiary of Jilian Hong Kong Ltd., at Gurgaon, Fininty Pvt Ltd at Bangalore and Husys Consulting Ltd, an erstwhile listed company at Hyderabad.
Dortse had posed as a resident of Mandi in Himachal Pradesh as per the records filed with the Registrar of Companies, the SFIO said.
Based on probes and tip-offs, it was learned that Dortse had fled from Delhi NCR to a remote place in the state of Bihar and was attempting to escape India via the road route, the probe agency said, adding that a special team was sent to nab the plotter.
