<h1>MCA Crackdown: SFIO Arrests Key Figure in Chinese-Linked Shell Companies Scheme Threatening India's Financial Security.</h1> The Ministry of Corporate Affairs (MCA) in India has conducted a crackdown on Chinese-linked shell companies, leading to the arrest of a key figure involved in the scheme. The Serious Fraud Investigation Office (SFIO) arrested a director of Jillian Consultants India Private Ltd., who is accused of orchestrating the incorporation of numerous shell companies with Chinese ties and appointing dummy directors. Searches revealed evidence of financial crimes, including company seals and digital signatures linked to these dummy directors. The investigation, involving multiple companies, highlights potential threats to India's financial security. The arrested individual attempted to flee but was apprehended by authorities.