KalingaTV News Network
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 crores worth of withdrawal thereafter, according to a statement released by the Finance Ministry on Friday.
Terming it as a major breakthrough in the fight against black money and shell companies, the Ministry said the first installment of data pertains to about 5,800 companies out of the over 2 lakh that were struck off involving 13,140 accounts.
The Ministry said it has received information from 13 banks about account operations and post-demonetization transactions of over two lakh suspicious companies. Few of the companies have been found to have more than 100 accounts in their names. The Ministry also said it has been found that among these suspicious companies, a single company has 2134 bank accounts.
Data received from13 banks pertains only to about 5,800 companies (out of more than 2 lakh that were struck off) involving 13,140 accounts.
— Ministry of Finance (@FinMinIndia) October 6, 2017
Few of the companies have been found to have more than 100 accounts to their names.Highest grosser among these-a company with 2134 accounts.
— Ministry of Finance (@FinMinIndia) October 6, 2017
The Ministry said the data concerning pre-demonetization, account balances and transactions conducted by these companies during demonetization is more startling and the investigative agencies have been asked to complete necessary investigation in a time bound manner.
Ms Kalinga