FinCEN Files — Agusta, Maxis, Essar: probed at home, Indian firms on US radar as well

The FinCEN Files contain a 20-page “intelligence assessment” on the mirror network and list 54 shell companies which, they say, moved billions of dollars annually from Russia through European securities markets to other jurisdictions beginning as early as 2011.

FROM PUBLIC sector giants Hindustan Aeronautics Limited and State Trading Corporation to private majors Bharti Airtel and Essar, several entities, because they are under scrutiny by Indian investigative agencies, have been red-flagged in Suspicious Activity Reports (SARs) filed by banks with the US Financial Crimes Enforcement Network (FinCEN), records investigated by The…