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ED cracks the whip on shell firms in Mumbai
Updated On: 02 April, 2017 10:22 AM IST | | Vijay Kumar Yadav
Among the 100 firms searched nationwide, 35 are in Mumbai alone
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The Enforcement Directorate (ED) conducted searches at more than 100 locations in 16 states yesterday, in which 35 locations were in Mumbai, as part of its crackdown on shell companies, which facilitated conversion of black money into white after demonetisation. Many of these firms were found to have been involved in major money-laundering cases investigated by the central agency.
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