idNames, now a part of Network Solutions, offers registration in country code TLDs
for companies that would like to do that. Is that fraud? What am I missing here?

I suspect what people have a problem with is the worry that "worldnic"
will get better, cheaper and more direct access to the unfair
monopoly called InterNIC - and also use its influence with other
national registries to acheive the same.

This sort of practice is considered illegal in most "western"
countries. Apologies for the cultural wide-brush here.