Black money war: SFIO readies list of more than 113,000 entities
Saturday, June 9, 2018, 3:44 PM
The Serious Fraud Investigation Office has drawn up a list of more than 113,000-shell companies as the government prepares for another onslaught on black money. The database compiled by SFIO has red-flagged more than 80,000-companies suspected to be shell entities while it has confirmed illegal activities in 16,537 of them. The government will take appropriate action after receiving responses, the corporate affairs ministry said.