India continues its pressure on Chinese companies
India's arrest of a man described as the "mastermind" behind China-linked shell companies is the latest sign of New Delhi's escalating campaign of crackdown on mainland companies in recent months. The Ministry of Corporate Affairs said on Sunday that the suspect had appointed rogue executives to the boards of these scam businesses that were potentially involved in "financial crimes that harm the country's financial security."
His arrest came after several raids, including the Gurgaon offices of Jilian Consultants India Private Ltd, a wholly owned subsidiary of Jilian Hong Kong Ltd. According to Alex Capri, a research fellow at the Hinrich Foundation, this empowered push is part of India's strategic separation from China.
People gather to check out Xiaomi’s newly launched products at ...
