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NewsClick FIR says Chinese phone-makers set up ‘thousands of shell companies in India to funnel funds'

October 6, 2023
Source: theprint.in theprint.in
News Snapshot:
The FIR, a copy of which ThePrint has accessed, states that “it is further learnt that big Chinese Telecom companies like Xiaomi, Vivo, etc. incorporated thousands of shell companies in India in violation of PMLA/FEMA (Prevention of Money Laundering Act/Foreign Exchange Management Act) for illegally infusing foreign funds in India in furtherance of this conspiracy.” The FIR was registered on 17 August, 2023, and included numerous allegations including that the news portal NewsClick was involved in attempts to show Arunachal Pradesh and Kashmir as not being part of India, inciting defection among farmers, and disrupting supplies and services for people....
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