5,800 shell companies under govt glare over post note-ban deposits
New Delhi: In a major breakthrough in fight against black money, the government on Friday 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.
“Vital information has been received from 13 banks regarding the bank account operations and post-demonetisation transactions of some of the 2,09,032 suspicious companies that had been struck off the Register of Companies earlier this year,” the government said in a statement today.
Last month, the government imposed restrictions on operations of bank accounts of over 2 lakh ‘struck-off’ companies.
“Few of the companies have been found to have more than 100 accounts to their names. The highest grosser among these is a company having 2,134 accounts, followed by others having accounts in the range of 900, 300 etc,” it said.