Tag: Depositing and Withdrawing Large sums During Demonetization

18 Shell Companies referred to SFIO by the Government

The government has referred 18 shell companies to Serious Frauds Investigation Office (SFIO) for depositing and withdrawing large sums during demonetization in what appeared to be entities that existed largely on paper. All entities that had dealings of over Rs 100 crore have been referred to the SFIO. Depending on the investigations, the government will take further … Continue reading “18 Shell Companies referred to SFIO by the Government”

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