They have collected information on only 5,820 of over 2 lakh companies whose names were struck off by the ministry of corporate affairs last month, and their directors and bank accounts put under the scanner. The 5,820 companies had 13,140 accounts in nine banks.Sources told TOI that these companies had deposits worth Rs 4,574 crore on November 8 last year, the day demonetisation was announced, in the accounts investigated. But over the next few weeks, Rs 12.6 crore was deposited, and Rs 12.53 crore withdrawn. At Canara Bank, Subhash Pipes deposited Rs 13.91 crore and withdrew the entire amount.Similarly, Technext Vyapaar deposited and withdrew Rs 9.9 crore. The bank told tax authorities there were 429 firms with zero balance on November 8 that subsequently saw deposits of over Rs 11 crore and withdrawals of a similar amount, leaving a cumulative balance of Rs 42,000.

Source: Times of India October 06, 2017 19:30 UTC