The government today said it has collated information of about 5,800 shell companies whose near zero balance accounts saw nearly 4,600 crore rupees of deposits post note ban and over 4,500 crore withdrawal thereafter. Finance Ministry said it has received information from 13 banks about account operations and post-demonetization transactions of over two lakh suspicious companies. The operation of the bank accounts of these suspicious companies have already been restricted. <br/>'Terming it as a major breakthrough in fight against black money and shell companies, the Ministry said, the first instalment of data pertains to about 5,800 companies out of over 2 lakh that were struck off involving 13,140 accounts.<br/>'Few of the companies have been found to have more than 100 accounts to their names. The Ministry said it has been found that among these suspicious companies, a single company has 2134 bank accounts. The Ministry said the data concerning pre-demonetization, account balances and transactions conducted from these companies during demonetization is more startling and the investigative agencies have been asked to complete necessary investigation in a time bound manner.
News On AIR | October 6, 2017 2:38 PM
Govt collates information of 5,800 shell companies whose near zero balance accounts saw Rs 4,600 cr deposits post demonetisation