New Delhi, Aug 13 (PTI) A black money bonhomie has come under the scanner involving builders, brokers and Bollywood entities as a multi-agency probe gets underway to pierce the corporate veil of hundreds of suspected shell companies. While several small brokers are already in the list of suspected shell firms, their links to bigger brokerage groups are being probed by Sebi, another official said. Also under the scanner is funds shown as foreign or domestic private equity investment by suspected shell firms. The suspected firms are being asked to explain these links and all suspicious dealings. This list also mostly includes entities supposed to be engaged in real estate, plantation, trading and finance related businesses.

Source: India Today August 13, 2017 08:37 UTC