post note-ban transactions +companies that had multiple accounts +NEW DELHI: The government said on Friday that 13 banks have provided information onby 5,800 dubious companies.It further said that over Rs 4,574 crore has been deposited since demonetisation in the 13,140 bank accounts of these companies. One of these dodgy companies has as many as 2,134 accounts. Most others have between 300 and 900 accounts.According to data provided by the banks, these companies had a balance of Rs 22.05 crore on November 8, 2016, the day the note ban was announced. However, from November 9, 2016, until they were struck off, these companies deposited a total Rs 4,573.87 crore in their accounts and withdrew Rs 4,552 crore. The accounts were then again left dormant with paltry balances.Most of the companies carried out these transactions until they were struck off.

Source: Times of India October 06, 2017 07:38 UTC