31 Jul 2018
Demonetization: Hyderabad firm that deposited Rs. 3,000cr missing from registered-address
A Hyderabad-based company that suspiciously deposited and withdrew Rs. 3,178cr during demonetization is nowhere to be found at its registered address, TOI reports.
26 Jul 2018
114 companies, 1-room: Kin of tainted Satyam founder under scanner
In a shocking discovery, the family members of founder and ex-chairman of Satyam, B. Ramalinga Raju were found operating 114 shell companies from a one-room office in Hyderabad.
24 Nov 2017
Chhagan Bhujbal and Jagan Reddy in ED's list of launderers
The Enforcement Directorate (ED) has released its list of top money launderers and shell companies they used to transact unaccounted money.
06 Nov 2017
Demonetization anniversary: I-T gears up to catch the "big fish"
As the demonetization anniversary nears, I-T is actively engrossed in bringing into its net the "big fish" owning unexplained wealth.
06 Oct 2017
Several companies owned hundreds of bank accounts during demonetization!
The government has said that 13 banks have furnished information regarding post-demonetization transactions by a whopping 5,800 suspicious companies.
31 Aug 2017
Investigation: Over 800 'firms' located at two vacant Delhi addresses
The menace of shell companies is an undeniable reality in India. Last month, PM Narendra Modi announced over 37,000 such firms have already been detected, and registrations of one lakh others have been cancelled.
18 Aug 2017
Kolkata 700001, home of 37 shell companies or even more?
After SEBI asked the bourses to take strict action against suspected "shell companies" aka firms that have been created for money laundering, something bizarre was unearthed.
03 Jul 2017
1 lakh deregistered companies to face more action
After the deregistration of one lakh firms over questionable transactions, the government is launching a multi-pronged offensive against them.
02 Jul 2017
Modi says corrupt won't be spared, 1 lakh firms de-registered
While addressing the foundation day function of the ICAI, PM Modi said the registration of over one lakh companies has been cancelled over questionable transactions.
28 Jun 2017
Sushil Kumar Modi exposes 'sixth shell company' of the Yadavs
BJP leader Sushil Kumar Modi, who has fired one salvo after another against the RJD's Yadav clan, has now exposed the alleged sixth shell company of the family.
22 May 2017
Would've been in jail if allegations were true, says Kejriwal
Delhi Chief Minister Arvind Kejriwal called allegations directed by his former cabinet colleague, Kapil Mishra, "baseless."
19 May 2017
Kapil Mishra- Kejriwal is involved in 'hawala scam'
Sacked Delhi Minister Kapil Mishra has levelled fresh allegations of money laundering against the AAP.
08 May 2017
Black money crackdown - CBI investigation uncovers shell company network
The Central Bureau of Investigation (CBI), in its ongoing three-year long investigation into black money, uncovered evidence of a clandestine web of 339 shell companies used to channel funds up to Rs. 290 crore.
01 May 2017
9lakh firms don't file their I-T returns : Revenue Secretary
While the FinMin keeps on harping about the need to curb black money and prevent methods of offshore money laundering, there seems to be more trouble brewing at home.
18 Apr 2017
4 lakh companies could be deregistered for not filing returns
More than one third of the 11 lakh active Indian shell companies face de-registration prospects as they haven't filed their returns since the last 3 financial years.
14 Apr 2017
Shell cos: ED raids CA, CS offices who provided cover
The ED has launched raids on offices of professionals including CAs and CSs in Delhi, who are suspected to have provided legitimate cover to shell companies. Notices were sent earlier.
09 Apr 2017
Shell companies: 16 Ahmedabad locations raided over illegal transactions
CBI raided 16 premises in Ahmedabad after 12 people allegedly deposited demonetized notes worth Rs. 100.57cr in shell companies' accounts in Axis Bank.
02 Apr 2017
ED's shell firms hunt: Raids over 100 places across India
Enforcement Directorate launched a massive nationwide operation and raided over 100 places across 16 states in a crackdown on shell firms suspected of money laundering on behalf of other businesses/individuals.
28 Feb 2017
Black money: Govt planning to close 6-7 lakh shell companies
The government is planning to close 6-7 lakh shell companies, many of which had deposited large amounts in banks post demonetization.
12 Feb 2017
Government's next target- shell companies, says will freeze accounts
The government is determined to weed out shell companies to ensure black money doesn't find a conducive environment to flourish.