The FIR, a copy of which ThePrint has accessed, states that “it is further learnt that big Chinese Telecom companies like Xiaomi, Vivo, etc. incorporated thousands of shell companies in India in violation of PMLA/FEMA (Prevention of Money Laundering Act/Foreign Exchange Management Act) for illegally infusing foreign funds in India in furtherance of this conspiracy.”

NewsClick FIR says Chinese phone-makers set up ‘thousands of shell companies in India to funnel funds' comes via ChinaTechNews.com.