FreeCurrencyRates.com

इंडियन आवाज़     20 Aug 2017 03:18:54      انڈین آواز
Ad

ED raids over 100 locations across India, uncovers 2300 shell companies

WEB DESK

In a massive crackdown against shell companies, the Enforcement Directorate, ED is carrying out searches across 100 locations in India.

blackmoneyraidSo far, the agency has managed to uncover around 2300 shell companies. In Mumbai and Delhi alone the ED has discovered over 1000 such companies. Most of these companies were formed during the period when exchange of the old Rs 500 and Rs 1000 was allowed after the November 8 demonetisation announced by Prime Minister Narendra Modi.

These companies are alleged to have transferred money during the time when exchange of old Rs 500 and Rs 1000 was allowed. The companies are also suspected to be involved in money laundering.

The raids have been carried out at companies in Delhi, Mumbai, Chennai, Bengaluru, Bhuvaneshwar, Kolkata and other metro cities.
ED officers are going through records of operators who run allegedly shell companies and according to initial information, the over 300 companies are suspected to have converted several hundred crores of rupees of black money into white.

The operation is said to be part of Prime Minister Narendra Modi’s directive to crack down on shell companies that were used by hoarders and even legitimate business houses to launder money during demonetisation.

ED officials are zeroing on a few individuals who allegedly helped politicians launder money. One of the individuals who has been the target of a raid is Jagdish Purohit from Andheri (W) in Mumbai. He is suspected to have run 700 companies from a single address.
He is suspected of helping Nationalist Congress Party (NCP) politician and former Maharashtra minister Chhagan Bhujbal of converting Rs 46 crore of black money into white.

One thought on “ED raids over 100 locations across India, uncovers 2300 shell companies”

Leave a Reply

You have to agree to the comment policy.

Ad

NEWS IN HINDI

कलिंग-उत्कल रेल हादसा: 50 यात्रियों की मौत का अंदेशा

AMN / मुजफ्फरनगर सिस्टम और रेलवे की घोर लाप ...

यू पी में बड़ा ट्रेन हादसा 20 के मरने की खबर , कई घायल

WEB DESK / AMN उत्तर प्रदेश के मुजफ्फरनगर में बड़ ...

कार्ति चिदंबरम को सुप्रीम कोर्ट ने दिए कड़े निर्देश

पूर्व वित्त मंत्री और कांग्रेसी नेता पी च ...

जेडी-यू NDA एनडीए में होगा शामिल

सभी की निगाहें  aaj  पटना में होने वाली जेडी ...

Ad
Ad
Ad

SPORTS

Ghosh-Sathiyan set up clash with top seeds in final of Bulgaria Open

The Indian pair of Soumyajit Ghosh and G Sathiyan has entered the men's doubles final of the Seamaster 2017 IT ...

Sports Ministry drops para-sports coach Satyanarayana from Dronacharya awardees list

The Sports Ministry has dropped para-sports coach Satyanarayana from the list of this year's Dronacharya award ...

Ad

Archive

August 2017
M T W T F S S
« Jul    
 123456
78910111213
14151617181920
21222324252627
28293031  

OPEN HOUSE

Mallya case: India gives fresh set of documents to UK

AMN India has given a fresh set of papers to the UK in the extradition case of businessman Vijay Mallya. Ex ...

@Powered By: Logicsart