The Serious Fraud Investigation Office (SFIO) on Saturday arrested a person named Dortse, director of Jillian Consultants India Pvt Ltd.
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The Serious Fraud Investigation Office (SFIO) on Saturday
arrested a person named Dortse, director of Jillian Consultants India Pvt Ltd.
The accused person is the mastermind of running a large number of shell
companies in India with Chinese links and appointing dummy directors on its
board. Apart from this, Dortse is also accused of money laundering. The
Ministry of Corporate Affairs has given this information.
These
companies of Dortse were also raided
Dortse's Finity Private Limited in Bengaluru, Hussey's
Consulting Limited in Hyderabad, a formerly listed company, were also raided by
the Serious Fraud Investigation Office (SFIO). Dortse had appointed a
fictitious director in Jillian Consultants India Pvt Ltd.
Dortse was
trying to escape from India
Based on the inputs and investigations carried out, it was
revealed that Dortse had fled from Delhi NCR to a remote place in the state of
Bihar and was trying to flee India by road. Immediately, a special team was
formed in SFIO which was deputed to the remote location. On the evening of 10
September 2022, the SFIO arrested Dortse from Bihar who was later produced
before the jurisdictional court and his transit remand orders were obtained.
What is a
Shell Company?
In general, a shell company means a company that is
established/registered on paper only for a nominal purpose, but does not have
any real identity, capital (or nominal capital), offices and employees of such
a company.