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Showing contexts for: parallel economy in Ryen @ Ren Chao vs State Of U.P. on 31 July, 2024Matching Fragments
39. Material discussed above the evidences against the applicant disclosed commission of economic offences and fraud. Furthermore, the applicant appears to be part of a well organized international crime network of Chinese nationals and local accomplices in India.
40. Economic offences particularly those committed by well organized international crime networks have severe consequences on social cohesion. Economic offences of this nature create a parallel economy and threaten the national economic stability.