30 chartered accountants summoned to investigate 34 companies.
Indian firms that were registered with the Registrar of Companies (ROC) in Mumbai between 2010 and 2020 and in which foreign people allegedly became directors and owners through deception. These businesses have operations around the state.
An Officer said. “It’s a long process to appoint a foreigner as director in an Indian company. However, by forming companies with Indian directors and later inducting foreigners as directors, the role of each accused is being probed.” “Indians who were appointed as company directors later resigned and foreigners were appointed as directors and a majority of shares were also transferred in their name,” said an officer. “In all 34 cases, more than 30 chartered accountants (CAS), 30 company secretaries (CSS) and companies’ directors are accused. The CAS and CSs are accused of being hand in glove with the other accused while forming companies and later replacing some of its Indian directors with the foreign nationals.” Totally, 150 people, including five dozen foreigners, have been booked.
A team has been formed by Niket Kaushik, joint commissioner of police (EOW) comprising senior police inspector Vinay Ghorpade and inspector Manish Awale, to investigate the cases. An EOW officer said “We have found that some directors are the same in three-four companies and witnesses are also same. : Police said they are trying to find out the firms’ current status.
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