Mumbai: The Financial Crimes Investigation Division of the Mumbai Police has registered FIRs against 60 foreign nationals in connection with financial frauds. Forty of them are Chinese citizens. They committed financial fraud under the guise of business establishments.
These include companies registered in violation of Indian law and fraudulently misrepresenting themselves as members of the board of directors of Indian companies. A total of 34 companies were found to have registered without following legal procedures.
Apart from China, other foreigners accused in various cases are from the UK, US, Cyprus, UAE, Taiwan and South Korea. About 150 cases of financial fraud have been registered against them.
The first case was registered in February. The rest this month too. Most of the cases are charged with breach of trust, criminal conspiracy and fraud. In some cases, the companies’ addresses have been changed and the annual report has been tampered with in transactions and bank statements.