Deposits during demonetisation: 5800 shell companies under government lens - The Indian Express

The Indian ExpressDeposits during demonetisation: 5800 shell companies under government lensThe Indian ExpressA source close to the development told that some companies had more than 100 accounts and they deposited and withdrew money during demonetisation till they were struck off. 2. Shares. Share. By: ENS Economic Bureau | New Delhi | Updated: October 7, ...and more »

After note ban: 5800 companies reveal suspicious transaction of Rs 4552 crore - Deccan Chronicle

Deccan ChronicleAfter note ban: 5800 companies reveal suspicious transaction of Rs 4552 croreDeccan ChronicleThe ministry said that these 5,800 companies were having a meagre balance of Rs 22 crore to their credit on November 8, 2016, after separating the loan accounts. (Representational Image). New Delhi: Out of the 2 lakh alleged shell companies ...and more »

Noose tightens around 5800 shell firms - Business Standard

Noose tightens around 5800 shell firmsBusiness StandardThe government has collected startling data on multiple accounts of 5,800 shell companies out of the over 200,000 that were struck off by the registrar of companies (RoC). Some of these companies operated accounts even after their names were taken off ...and more »

Taxmen unearth mega fund routing after demonetisation - Times of India

Times of IndiaTaxmen unearth mega fund routing after demonetisationTimes of IndiaNEW DELHI: In a major breakthrough, tax authorities have uncovered details of several shell companies routing massive sums of money through a web of bank accounts during the demonetisation period. Nearly Rs 4,600 crore has been detected so far, and ...and more »

6000 companies with 'withdrawal syndrome' post demonetisation under government scanner - Economic Times

Economic Times6000 companies with 'withdrawal syndrome' post demonetisation under government scannerEconomic TimesNEW DELHI: The government said about 6,000 companies had been caught in what looked like attempts to launder money in the wake of demonetisation, calling it the “tip of the iceberg,” making it clear that more such wrongdoing would soon be unearthed.and more »

5800 shell firms under lens over deposits post note ban - The Tribune

5800 shell firms under lens over deposits post note banThe TribuneIntensifying its crackdown on black money, the government today said it has collated information about 5,800 shell companies whose near zero- balance accounts saw nearly Rs 4,574 crore of deposits post note ban and Rs 4,552 crore withdrawal thereafter.and more »

5800 shell cos under lens for suspicious deposits - Deccan Herald

Deccan Herald5800 shell cos under lens for suspicious depositsDeccan HeraldThe data mining of about 5,800 shell companies out of over two lakh, struck off last month, has shown that their almost-zero balance accounts had Rs 4,574 crore of deposits. Post-note ban, accounts showed Rs 4,552 crore of withdrawals. At least 13 ...and more »

Shell cos moved large sums via bank accounts - Hindu Business Line

Hindu Business LineShell cos moved large sums via bank accountsHindu Business LineThe Centre has received vital information on the bank accounts of some of the shell companies it deregistered, with as many as 13 banks submitting their first set of data. The Ministry of Corporate Affairs had requested the Indian Banks' Association to ...and more »

Shell companies: 5800 firms being probed for money laundering after demonetisation - Livemint

Shell companies: 5800 firms being probed for money laundering after demonetisationLivemintA few of the companies have been found to have more than 100 accounts in their names. One company had as many as 2,134 accounts. Photo: Mint. New Delhi: The government has zeroed in on 5,800 companies suspected to have laundered money after ...and more »

Govt. lens on 5800 firms with 13140 'suspicious' accounts - The Hindu

The HinduGovt. lens on 5800 firms with 13140 'suspicious' accountsThe HinduThe Union government on Friday said the post-demonetisation transaction data from 13 banks cast suspicion on 5,800 companies with 13,140 bank accounts. The Registrar of Companies struck off 2,09,032 companies from its lists earlier this year on the ...and more »

2 Lakh Shell Firms Deposited, Withdrew Rs 4550 Cr Post Note Ban - The Quint

The Quint2 Lakh Shell Firms Deposited, Withdrew Rs 4550 Cr Post Note BanThe QuintTwo lakh suspicious companies had done account operations and post-demonetisation transactions depositing and withdrawing over Rs 4,550 crore, the government said on Friday, claiming a major breakthrough in the fight against black money and shell ...and more »

5800 Shell Companies under Govt scanner for Money Laundering - Kalinga TV

Kalinga TV5800 Shell Companies under Govt scanner for Money LaunderingKalinga TVIndian Rupees New Delhi: The Union Government has said it has collated information on as many as 5,800 shell companies whose near zero balance accounts saw nearly Rs 4,600 crores of deposits post the demonetisation note ban and over Rs. 4,500 ...and more »

Centre identifies 5800 shell firms that allegedly laundered crores of rupees after demonetisation - Scroll.in

Scroll.inCentre identifies 5800 shell firms that allegedly laundered crores of rupees after demonetisationScroll.inThe government received data from 13 banks on the transactions these companies made after the note ban. by Scroll Staff. Published 13 hours ago Updated 10 hours ago. Centre identifies 5,800 shell firms that allegedly laundered crores of rupees after ...and more »

Several companies owned hundreds of bank accounts during demonetization! - NewsBytes

NewsBytesSeveral companies owned hundreds of bank accounts during demonetization!NewsBytesThe government has said that 13 banks have furnished information regarding post-demonetization transactions by a whopping 5,800 suspicious companies. Since November 8, over Rs. 4,574cr has been deposited in 13,140 bank accounts belonging to these ...and more »

Government blocks top shell firm accounts: Reason- Huge money-laundering after notes ban - Indialivetoday

IndialivetodayGovernment blocks top shell firm accounts: Reason- Huge money-laundering after notes banIndialivetodayNew Delhi, October 6: Some of the top offender's companies bank accounts were blocked last month by the government for illegal transactions and tax evasion was one that had more than 2000 bank accounts, for making it tough for tax officials to track ...and more »

Note ban: 5800 shell companies under scanner for suspicious deposits - Business Standard

Business StandardNote ban: 5800 shell companies under scanner for suspicious depositsBusiness StandardThe fight against black money and shell companies has taken a fresh twist with the Centre confirming that post-demonetisation some 2,09,032 companies are under scrutiny for their transactions. Thirteen banks have submitted data pertaining to about 5 ...and more »

How Narendra Modi's demonetisation move was played as big black money game by shell companies - Financial Express

Financial ExpressHow Narendra Modi's demonetisation move was played as big black money game by shell companiesFinancial ExpressDemonetisation decision was taken by Narendra Modi government to fight against black money. But some dealing with black money found ways to play around the move. By: FE Online | New Delhi | Updated: October 6, 2017 4:06 PM. 0. Shares. Facebook ...and more »

Black money hunt: 13 banks submit data on 13140 suspicious accounts and 5800 companies - Business Today

Business TodayBlack money hunt: 13 banks submit data on 13140 suspicious accounts and 5800 companiesBusiness TodayFinance Ministry has received details of suspicious post-demonetisation transactions and bank account operations of 5,800 companies whose names were struck off by the Registrar of Companies earlier this year. From a balance of Rs 22 crore during the ...and more »

13 Banks Provided Vital Information About Shell Companies Doing Undue Transaction After Demonetization To ... - Emit Post

Emit Post13 Banks Provided Vital Information About Shell Companies Doing Undue Transaction After Demonetization To ...Emit PostThe Central Government today said that 13 banks have given very important information on wrong transactions with various bank accounts after the cancellation. Ministry of Company Affairs informed that he has got information of bank transactions of 5 ...and more »

Amid Black Money Crackdown, 5800 Shell Companies Under Scanner for Money Laundering - The Wire

The WireAmid Black Money Crackdown, 5800 Shell Companies Under Scanner for Money LaunderingThe WireThe companies are among the over two lakh struck off from the Register of Companies by the government last month. A few of the companies have been found to have more than 100 accounts in their. A few of the companies have been found to have more ...and more »