The Central Crime Branch (CCB) of the Bengaluru Police has filed FIRs against 35 companies in the city that are allegedly running illegal mobile app loan businesses. According to the CCB, they are owned by Chinese nationals though locals are shown as directors on official records.
A probe was taken up following a complaint lodged by officials attached to the Ministry of Corporate Affairs , Registrar of Companies, with the Bengaluru Police Commissioner seeking legal action against the companies on Monday. “As the case has inter-State ramifications, it was handed over to the CCB for a detailed investigation. As many as seven FIRs have been filed against the companies that are operating in and around Bengaluru,” police officers said.
According to a senior CCB police officer, the MCA, which probed the matter, found that the owners of these companies are Chinese nationals. “They are not based in India, but are managing the show from abroad. They hired local persons as employees who are shown as directors and senior executives at the time of registration with the ROC,” said the CCB officer.
