Highlights 1 Large number of suspicious bank accounts have been identified. The Centre today said it has received information from 13 banks about 5,800 companies that used multiple bank accounts to hide black money after demonetisation. The operation of bank accounts of these 2 lakh suspicious companies was then restricted to just the discharge of their liabilities. One company named the Gold Sukh Trade India Ltd had 2,134 bank accounts with the Bank of Baroda. The Ashwin Vanaspati India Pvt Ltd held 915 bank accounts, the Anujay Exim Pvt Ltd 313 accounts while the Radhakrishna Payal Bhandar had 298 bank accounts which showed suspicious transactions after demonetisation.

Source: India Today October 06, 2017 09:45 UTC