 "Arrest")
The Serious Fraud Investigation Office (SFIO) has arrested a person who the Ministry of Corporate Affairs (MCA) said has emerged as the mastermind of the racket of incorporating a large number of shell companies with Chinese links in India.
The September 10 arrest comes after Finance Minister Nirmala Sitharaman directed the MCA to identify shell companies that can be used to siphon off funds.
On September 8, the MCA conducted simultaneous search and seizure operations in the offices of Jillian Consultants India, a wholly owned subsidiary of Jillian Hong Kong, at Gurugram, Fininty at Bengaluru, and Husys Consulting, an erstwhile
