Demonetisation

5,800 firms under lens for money laundering after demonetisation

“As part of the crackdown exercise, it looks like the first step could be bank account details of the struck-off companies; these details will be verified and cross-checked with the financial statements submitted by the companies to the ministry of corporate affairs or Registrar of Companies,”

Samir Paranjpe
Partner, Grant Thornton India LLP

This article appeared in Live Mint on 07th October, 2017.