China’s ‘financial invasion’: Hundreds of Chinese-controlled apps siphon off thousands of crores from India

New Delhi: The Enforcement Directorate (ED) through its multiple investigations has found that over hundreds of Chinese-controlled apps, including those involved in loan services and betting, siphoned off thousands of crores of rupees from India with the help of chartered accountants. “With the help of chartered accountants, initially dummy Indian directors were used to incorporate the companies and after some time Chinese nationals travelled to India and took directorship in these companies,” daily ToI reported citing ED sources.

Link: China’s ‘financial invasion’: Hundreds of Chinese-controlled apps siphon off thousands of crores from India
via http://www.timesnownews.com

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: