KalingaTV News Network
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.
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.