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India Plans to Wind Up Some Chinese Firms – Economic Times

Indian authorities have this year registered at least 700 cases against Indian companies with Chinese nationals on their boards


Indian protesters damage China-made goods
A file photo of Indian protesters damaging China-made goods during a protest. Photo: Reuters.

 

The Indian government plans to wind up companies with Chinese links that have come under government scrutiny and operate in the country, The Economic Times reported.

Indian authorities have this year registered at least 700 cases against Indian companies with Chinese nationals on their boards that were suspected of causing economic distress and being vehicles for money laundering, the report said.

 

Read the full report: The Economic Times.

 

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Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.

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