India: 884 companies under scanner in money laundering cases: Govt

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February 6 2018

As many as 884 companies are under the scanner in various money laundering cases and assets worth Rs 5,000 crore have been attached following probes.  initiated as per the PMLA, Union Minister P P Chaudhary said on Tuesday.  However, he said that not a single company has been deregistered on the charges of money laundering by the government.

As per the inputs supplied by the Finance Ministry, “884 companies are under investigation in various money laundering cases,” the Minister of State for Corporate Affairs said in a written reply to Rajya Sabha.