What you mean by Benami entrepreneurs?

Answer 1

Benami entrepreneurs refer to individuals who engage in business activities using the names of other people or entities to conceal their true identity or ownership. This practice is often associated with illegal activities such as tax evasion, money laundering, or circumventing regulations. The term "benami" itself originates from Indian law, where it denotes transactions made in someone else's name to hide the real beneficiary. Such practices can undermine fair competition and create challenges for regulatory authorities.