India, July 25 -- Harshvardhan Jain, 47, who was arrested by the UP Special Task Force (STF) on Wednesday for running a fake embassy from his two-storey house in Ghaziabad's Kavi Nagar, was found to be entangled in a complex web of financial deceit, said STF officials on Thursday.

Jain, along with arms dealer Adnan Khawaja and UK-based businessman Ahsan Ali Sayed, allegedly registered multiple companies in foreign countries, including UK-based companies -State Trading Corporation Ltd and East India Company UK Ltd, UAE-based Island General Trading Co LLC, Mauritius-based Indira Overseas Ltd and Cameroon-based Cameron Ispat Sarl, investigations revealed.

His introduction to Adnan Khawaja and Ahsan Ali Sayed was facilitated by controversia...