Rules for chinese checkers4/12/2023 ![]() In investigations it was also discovered that Chinese origin mobile phones have a seamless data link with China. In another, a deep profile of an Indian business leader of interest to China was discovered. Senior employees of some of these companies are members of the Chinese Communist Party.Īccording to reports, in one case, it was discovered that the CEO of a major telecom firm possessed sensitive documents. The cheap and sometimes even below production cost pricing model of these firms have given them control of significant chunk of market in India. ![]() Raids have been carried out on firms like ZTE, Huawei, apart from Vivo and Xiaomi. The government suspects that money was provided to Tibetan monks to gather information about the Dalai Lama and the Tibetan government in exile.Īgencies have also examined the pricing model of major Chinese corporations. He was sending money in packets to Tibetan monks.Īccording to the report, "the web of these companies is believed to have laundered over Rs 1,000 crore, with some of the proceeds used to gather intelligence in India." Luo Sang, a Chinese national, was arrested in 2020. One such company was used to influence Tibetan monks living in India. It is unknown how many web of companies like these exists.Ī probe into the Registrar of Companies (RoC) revealed that these companies did not physically exist at their registered offices, although the bank accounts were active. The government has cracked down on hundreds of such companies. There are hundreds of small Chinese companies, a web, controlled by Chinese nationals with dummy Indian directors and managers, to provide a veil of legitimacy, as per a report from the ET. Their goal seems to be to gain a strategic advantage over India's economic and security systems. The government has been busting spy rings, studying incoming Chinese investments into India, carrying out tax raids on major Chinese telecom companies, cracking down on Chinese mobile apps, since 2020. They are profiling 'high value' individuals, exfiltrating bulk data and engaging in large scale tax evasion. Evidence suggests that Chinese corporations are being used as arms of the Chinese state, for the purpose of espionage. The activities of Chinese corporations isn't limited to money laundering. The ED has already passed an order freezing Xiaomi India's bank assets worth over Rs 5,500 crore. The Chinese mobile manufacturer Vivo is being investigated by the Enforcement Directorate (ED) in a money laundering case.Ī total of 44 locations have been raided by the ED under the provision of Prevention of Money Laundering Act.Īccording to a report in the Economic Times, "the development comes amidst government action against Chinese smartphone brands over the last two years."
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