India's Stock Markets regulator, Securities Exchange Board of India (SEBI) has ordered forensic audit of three firms Mumbai Based Trinity Tradelink, Chennai based Info–Drive Software which was also known as Info Drive Computers Limited Delhi based 17 years old Edynamics Solutions All the three companies figured amongst 331 suspected shell companies...
Securities Exchange Board of India, the stock market regulator penalised 331 listed companies by imposing restrictions on trading. Some companies which SEBI named in this list were shockers Prakash Industries Parsvnath Developers J Kumar Infra SQS BFSI JMD Ventures Prakash Industries was one of the companies which gave handsome returns...
In the month of March'2017, there was a news that almost 54 Chartered Accountants have come under the radar of the Income Tax department and the Enforcement Directorate over money laundering through shell companies. Professional Chartered Accountants are always found to be the center of various shell company related transactions....
The Directorate of Revenue Intelligence (DRI) is learnt to have unearthed a fraud involving at least half a dozen textile exporters who allegedly laundered at least Rs 200 crore in the last one year and a half. According to sources, some Mumbai-based exporters allegedly laundered the money and fraudulently...