Monday, October 23, 2017

In fight against black money, India to book shell companies

The Indian government is mulling booking 200,000 shell companies in a bid to crackdown on black money. The process to deregister these companies has already begun.

The Indian government has so far only released the data of 6000 shell companies who reportedly deposited nearly 707 million USD in their accounts right after high value notes were banned last year.

Our India correspondent Neha Poonia reports.

In: 'Shell companies...'
Out: SOC
Dur: 31 secs


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