India: Shell firms – ED searches at 100 places in 16 states

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April 1, 2017

The Enforcement Directorate (ED) on Saturday launched a country-wide operation and conducted searches at 100 locations in 16 states as part of its crackdown on shell companies.

Officials said multiple teams of the ED today visited these locations and raided the premises of about 300 shell firms in prominent places like Delhi, Chennai, Kolkata, Chandigarh, Patna, Ranchi, Ahmedabad, Bhubaneswar and Bengaluru among others.