indian authorities raid shell companies across country
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Indian authorities raid shell companies across country

Arab Today, arab today

Arab Today, arab today Indian authorities raid shell companies across country

Prime Minister Narendra Modi
New Delhi - Arab Today

Indian authorities on Saturday raided hundreds of shell companies in a nationwide crackdown.

Sleuths of the country's Enforcement Directorate carried out searches across 100 locations, including the eastern cities of Kolkata and Patna, the northern city of Chandigarh, the western city of Ahmedabad, financial capital Mumbai and the Indian capital, sources said.

However, no one has yet been arrested by the Enforcement Directorate during the raids, a senior government official said.

The raids were conducted weeks after Prime Minister Narendra Modi's office is said to have identified more than 15,000 paper companies which do not conduct any operations but are used to launder money and evade taxes.

In a televised speech to the nation on Nov. 8, Modi announced the scrapping of currency notes of 500 rupees (7.5 U.S. dollars) and 1,000 rupees in a bid to curb the menace of black money and prevent circulation of fake notes among terrorists. (1 Indian rupee = 0.015 U.S. dollar)

 Source: Xinhua

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

indian authorities raid shell companies across country indian authorities raid shell companies across country

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

indian authorities raid shell companies across country indian authorities raid shell companies across country

 



GMT 20:53 2018 Monday ,22 October

PM Imran Khan to leave for Saudi Arabia today

GMT 08:20 2018 Tuesday ,16 January

Lamborghini races to new sales record

GMT 00:19 2017 Wednesday ,13 December

Switzerland chainsaw attack: 5 hurt in Schaffhausen

GMT 09:51 2017 Tuesday ,07 November

Broadcom makes $130 bn mega-bid

GMT 20:53 2017 Tuesday ,07 March

Syrian forces retake Aleppo water-pumping station

GMT 11:15 2017 Monday ,01 May

Hanan Metawe reveals details of her accident

GMT 03:07 2017 Monday ,27 March

Bulgaria's Borisov bounces back again

GMT 22:18 2017 Thursday ,16 November

Hariri to arrive in France Saturday to meet Macron

GMT 06:43 2017 Monday ,13 February

Pakistan retaliates after US denies politician visa

GMT 07:49 2017 Tuesday ,28 November

Hussein Fahmy underlines financial sources
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday