The Ministry of Corporate Affairs today said that the investigative agencies had been asked to complete probe against suspicious companies about whom the banks shared "vital information" with the government. The banks have shared details of about 5,800 suspicious companies whose banks accounts showed unusual activities in post-demonetisation phase. "Data received pertains to merely about 5,800 companies (out of over 2 lakh that were struck off) involving 13,140 accounts," Corporate Affairs Ministry said in a statement today. According to the Corporate Affairs Ministry, a few of the companies have been found to have more than 100 accounts to their names. Disturbing factors were identified about the companies having multiple accounts with miniscule or negative balance as on November 8, 2016, said Corporate Affairs Ministry.

Source: India Today October 06, 2017 07:46 UTC