The Ministry of Corporate Affairs, in a statement, said that about Rs 17,000 crore was deposited in 58,000 accounts and withdrawn from the same. THE FINDINGS"Preliminary enquiry on the basis of information received from 56 banks in respect of 35,000 companies involving 58,000 accounts has revealed that an amount of over Rs 17,000 crore was deposited and withdrawn post demonetisation," the statement read. "In one case, a company which had a negative opening balance on 8th November, 2016, deposited and withdrew Rs 2,484 crore post-demonetisation," it added. Following the massive drive to strike off the defaulting companies, restrictions have been imposed on operation of their bank accounts. The Centre has shared information about defaulting companies with the respective governments depending on the location of the firm.

Source: India Today November 05, 2017 10:28 UTC