Shell Com­pa­nies Stare at Trou­ble as Govt Tight­ens Noose Around Them

The Economic Times - - Front Page -

The gov­ern­ment has said harsh steps will be taken against er­rant shell com­pa­nies, in which over .₹ 1,200 crore were de­posited in cash dur­ing the de­mon­etis­tion pe­riod and which were used as fronts to laun­der nearly .₹ 4,000 crore.

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