11.   Iraq recently dismantled the bogus companies, which had sprung up since the United Nations imposed a crippling embargo on Baghdad four years ago.

12.   They are accused of being involved in stock fraud, conducting stock swapping, or issuing fake convertible bonds by establishing bogus companies abroad.

13.   Trusting in three Russians working for the bogus company, the Kazakhs returned home after handing over their new vehicles.

14.   No estimates have been given on the amount of money seized by the authorities from the bogus companies, nor on the number of companies and their victims.

15.   Phantom ships are usually stolen vessels registered under the name of bogus companies, Mazlan said.

16.   Phantom ships are usually stolen vessels registered under the name of bogus companies, shipping officials said.

17.   The methods included setting up bogus companies and concealing the true nature of deliveries, the report said.