Clone Companies

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Fack & fraud businesses in India 2008 - 2022

Concept Of Clone Company -

        A clone company is a company that was completely legal, but all operations are illegal. All government documents of these companies are legal. Clone firms are fake firms set up by scammers using the name, address and Firm Reference Number' (FRN) of real companies authorised by the FCA.

        Clone company Generally people feel that the companies which do financial frauds with people. But it is not so, clone companies in the real business world started from the Greek country. These companies usually do fraud with the people, but these companies also do frauds with the businessmen, traders, investors and governments of many countries. These companies mainly work on B2B business model.

Who started those companies - 

         Actually such organizations, who hide some of their illegal transactions/deals from the world, want to increase their business through illegal business or illegal means. Such organizations create one or many such companies to hide all their illegal records or business, so that no one else knows about their own company, which proves helpful in hiding illegal business.

Operation run by clone Companies -

• Tax Evasion 

• Invest in own shares for increasing share price

• Insider trading

• Collection of illegal funds

• Malpractices in business industry

• Transporting illigal goods / supplies

• Business Insurance Evasion

• Invest in gambling market.

• Buying assets with illigal funds

• Converting black Money into white

• Increasing manufacturing of  white labeling products

• Providing Illigal funds 

• Showing fake investments

• Showing fake deals

• Investing in black market

• Providing services to the other illegal businesses

• Buying corrupt politician or peoples

• Buying unethical data

• Investigation of confidential information or operations

• Providing illegal inventories or materials, etc.

Such illegal operations are done by clone companies, for the time being these are just minor things. Even more illegal operations are done by clone companies.

Brackhurd has collected this data from primary sources, but it is risky to show this entire research papers, so with just a short article, we want to put this clone business concept in front of the business world.

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