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884 Companies Under Investigation in Money Laundering Cases

February 08, 2018

In a written reply to the Rajya Sabha, Minister of State for Corporate Affairs P P Chaudhary said that as many as 884 companies are currently being probed for cases involving money laundering. However, he said that not one of these companies is deregistered on the basis of the charges.

Chaudhary said that the investigation of these suspicious companies has attached assets to the tune of RS. 5,066 crores and initiated 58 different cases under the Prevention of Money Laundering Act (PMLA).

Tags:
Finance

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