Government tightens noose around Chinese shell companies, raids underway in Delhi, Gurugram, Bengaluru and Hyderabad
December 8, 2023
  • Circulation
  • Advertise
  • Careers
  • About Us
  • Contact Us
Organiser
  • ‌
  • Bharat
    • Assam
    • Bihar
    • Chhattisgarh
    • Jharkhand
    • Maharashtra
    • View All States
  • World
    • Asia
    • Europe
    • North America
    • South America
    • Africa
    • Australia
    • Global Commons
  • Editorial
  • Analysis
  • Opinion
  • International
  • More
    • G20
    • Sports
    • Defence
    • RSS in News
    • Azadi Ka Amrit Mahotsav
    • Politics
    • Vocal4Local
    • Business
    • Economy
    • Special Report
    • Culture
    • Sci & Tech
    • Entertainment
    • Education
    • Books
    • Interviews
    • Travel
    • Law
    • Health
    • Obituary
    • Podcast
MAGAZINE
No Result
View All Result
  • ‌
  • Bharat
    • Assam
    • Bihar
    • Chhattisgarh
    • Jharkhand
    • Maharashtra
    • View All States
  • World
    • Asia
    • Europe
    • North America
    • South America
    • Africa
    • Australia
    • Global Commons
  • Editorial
  • Analysis
  • Opinion
  • International
  • More
    • G20
    • Sports
    • Defence
    • RSS in News
    • Azadi Ka Amrit Mahotsav
    • Politics
    • Vocal4Local
    • Business
    • Economy
    • Special Report
    • Culture
    • Sci & Tech
    • Entertainment
    • Education
    • Books
    • Interviews
    • Travel
    • Law
    • Health
    • Obituary
    • Podcast
No Result
View All Result
Organiser
No Result
View All Result
  • Home
  • Bharat
  • World
  • G20
  • Editorial
  • Opinion
  • Analysis
  • Culture
  • Defence
  • International Edition
  • RSS in News
  • Magazine
Home Bharat

Government tightens noose around Chinese shell companies, raids underway in Delhi, Gurugram, Bengaluru and Hyderabad

The Ministry of Corporate Affairs (MCA) on Thursday initiated a crackdown on Indian entities such as Razorpay, Cashfree, Paytm that were providing "fake directors" to hundreds of Chinese shell companies

by WEB DESK
Sep 8, 2022, 06:27 pm IST
in Bharat, Business
Phto credit: Free Press Journal

Phto credit: Free Press Journal

FacebookTwitterWhatsAppTelegramEmail

New Delhi [India]: The Ministry of Corporate Affairs (MCA) on Thursday initiated a crackdown on Indian entities that were providing “fake directors” to hundreds of Chinese shell companies in cities like Delhi, Bengaluru, Hyderabad and Gurugram.

“The Ministry of Corporate Affairs has started raiding today at 1530 hours. Indian organisations who were providing fake directors to hundreds of Chinese shell companies. Raids are going on in Delhi, Gurugram, Bengaluru and Hyderabad. A team of 25 to 30 MCA officers is at each location. Raids are continuing,” according to official sources.

They added that Indian citizens with no education and working in menial jobs were being provided as Directors to Chinese Shell companies.

Raids are currently continuing and more details are awaited in this regard.

Earlier this month, the Enforcement Directorate (ED) carried out search operations at six premises in Bengaluru in respect to an investigation relating to the Chinese loan app case.

The federal agency had conducted the raids under provisions of the Prevention of Money Laundering Act (PMLA), 2002, the agency said.

The premises of Razorpay Pvt Ltd, Cashfree Payments, Paytm Payment Services Ltd and entities controlled and operated by Chinese Persons were covered in the search operation, said the ED. (ANI)

Topics: Enforcement DirectorateRazorpayCashfree PaymentsPaytmMCAChinese shell companies
Share1TweetSendShareSend
Previous News

Communist China’s territorial hunger and Democratic India’s security

Next News

Don’t compare Turban, Kirpan with Hijab: SC to petitioners challenging Karnataka HC judgement on hijab ban

Related News

ED issues third summon to Sahibganj SP, Naushad Alam in Nimbu Pahad illegal mining case

ED issues third summon to Sahibganj SP, Naushad Alam in Nimbu Pahad illegal mining case

ED raids nearly a dozen locations in Haryana, Rajasthan in gangster Lawrence Bishnoi case

ED raids nearly a dozen locations in Haryana, Rajasthan in gangster Lawrence Bishnoi case

UDAN 4.0: India to empower tourism, connectivity by linking airports in Northeast with Southeast Asian cities

UDAN 4.0: India to empower tourism, connectivity by linking airports in Northeast with Southeast Asian cities

Kerala’s Karuvannur Cooperative Bank Fraud: CPM has secret bank accounts, alleges ED

Kerala’s Karuvannur Cooperative Bank Fraud: CPM has secret bank accounts, alleges ED

Tamil Nadu: LRPF files complaint alleging FCRA violations by Madurai-based NGO linked to Jagath Gaspar

Tamil Nadu: LRPF files complaint alleging FCRA violations by Madurai-based NGO linked to Jagath Gaspar

Tamil Nadu: Madras High Court dismisses DMK MP Jagathrakshakan’s petition challenging ED proceedings under FEMA Act

Tamil Nadu: Madras High Court dismisses DMK MP Jagathrakshakan’s petition challenging ED proceedings under FEMA Act

Load More

Comments

The comments posted here/below/in the given space are not on behalf of Organiser. The person posting the comment will be in sole ownership of its responsibility. According to the central government's IT rules, obscene or offensive statement made against a person, religion, community or nation is a punishable offense, and legal action would be taken against people who indulge in such activities.

Latest News

I.N.D.I. Alliance fuels divisive discourse of North-South divide on social media amid BJP’s win in Hindi heartland

I.N.D.I. Alliance fuels divisive discourse of North-South divide on social media amid BJP’s win in Hindi heartland

Pneumonia cases in AIIMS Delhi have no link with China Respiratory infections cases: Union Health Ministry

Pneumonia cases in AIIMS Delhi have no link with China Respiratory infections cases: Union Health Ministry

Interfaith: Himanshi Khurana broke up with Asim Riaz saying, “Sacrificing our love for our different religious beliefs”

Interfaith: Himanshi Khurana broke up with Asim Riaz saying, “Sacrificing our love for our different religious beliefs”

Gujarat: Indian government to construct ‘humongous’ renewable energy plant in Rann of Kutch

Gujarat: Indian government to construct ‘humongous’ renewable energy plant in Rann of Kutch

Jharkhand: Security forces bust Maoist camp in Saranda, uniforms explosives explosive materials seized

Jharkhand: Security forces bust Maoist camp in Saranda, uniforms explosives explosive materials seized

Tamil Nadu: MDMK, an I.N.D.I Alliance partner, backs DMK MP’s controversial ‘Gau Mutra’ remark

Tamil Nadu: MDMK, an I.N.D.I Alliance partner, backs DMK MP’s controversial ‘Gau Mutra’ remark

Madhya Pradesh: Seven held after BJP party worker attacked with swords; alleged assaualt by Arif Masood supporters

Madhya Pradesh: Seven held after BJP party worker attacked with swords; alleged assaualt by Arif Masood supporters

Anusthāyita: Nano-Sustainability takes centre stage in India under Prime Minister Narendra Modi 

Anusthāyita: Nano-Sustainability takes centre stage in India under Prime Minister Narendra Modi 

Venezuela: President Nicolas Maduro puts Hindu community in Guyana at stake in name of acquiring energy sources

Venezuela: President Nicolas Maduro puts Hindu community in Guyana at stake in name of acquiring energy sources

Kissinger: A contested legacy in the 20th century world order

Kissinger: A contested legacy in the 20th century world order

  • Privacy
  • Terms
  • Cookie Policy
  • Refund and Cancellation
  • Delivery and Shipping

© Bharat Prakashan (Delhi) Limited.
Tech-enabled by Ananthapuri Technologies

No Result
View All Result
  • Home
  • Bharat
    • Assam
    • Bihar
    • Chhattisgarh
    • Jharkhand
    • Maharashtra
    • View All States
  • World
    • Asia
    • Africa
    • North America
    • South America
    • Europe
    • Australia
    • Global Commons
  • Editorial
  • Opinion
  • Analysis
  • Defence
  • Culture
  • Sports
  • Business
  • RSS in News
  • Entertainment
  • More ..
    • Sci & Tech
    • Vocal4Local
    • Special Report
    • Education
    • Books
    • Interviews
    • Travel
    • Health
    • Politics
    • Law
    • Economy
    • Obituary
    • Podcast
  • Subscribe Magazine
  • Advertise
  • Circulation
  • Careers
  • About Us
  • Contact Us
  • Policies & Terms
    • Privacy Policy
    • Cookie Policy
    • Refund and Cancellation
    • Terms of Use

© Bharat Prakashan (Delhi) Limited.
Tech-enabled by Ananthapuri Technologies