The government is investigating about 209,000 companies in all for similar transactions. In some cases, certain companies have gone more adventurous and made deposits and withdrawals even after being struck off.”IDBI Bank held a major chunk of the accounts. They belonged to 3,330 companies, which had a cumulative balance of Rs 13.29 crore on November 8.They deposited Rs 3,792 crore in their accounts after demonetisation, then withdrew Rs 3,794 crore. Another 159 companies had no money in their accounts on November 8. Some companies were found to be having multiple accounts in other banks.At Bank of Baroda one company had 915 accounts, while another had 313.A few others had more than a hundred accounts each.

Source: Economic Times October 06, 2017 19:18 UTC