NEW DELHI: As many as 884 firms are under the scanner in various cash laundering circumstances and property price Rs 5,000 crore were connected following probes initiated as in step with the PMLA, Union Minister P P Chaudhary stated on Tuesday.
However, he stated that no longer a single corporate has been deregistered on the fees of money laundering by means of the government.
As in step with the inputs provided by means of the Finance Ministry, "884 companies are under investigation in various money laundering cases," the Minister of State for Corporate Affairs stated in a written reply to Rajya Sabha.
He additional famous that investigation in opposition to these firms has ended in attachment of property price Rs 5,066.3 crore and filing of a complete of 58 prosecution circumstances under Prevention of Money Laundering Act (PMLA).
Further, over 2.26 lakh firms were struck off for final inactive for a length of two years or extra as on December 2017.
Besides, greater than 3 lakh individuals were disqualified for containing the put up of director at registered firms for failing to comply with regulatory necessities. Of these administrators, over 2 lakh disqualified administrators were on the board of deregistered firms.
"...3,09,619 directors were disqualified ...for non filing of financial statements or annual returns for a continuous period of immediately preceding three financial years (2013-14, 2014-14 and 2015-16)," Corporate Affairs Minsiter Arun Jaitley stated in a separate reply to Lok Sabha.
Further, he stated that no director on the board of government firms was once disqualified for lapse in the filing financial statements or annual returns in admire of such companies.
Also, Jaitley stated that no separate database is being applied with admire to bureaucrats and politicians on board of companies
However, he stated that no longer a single corporate has been deregistered on the fees of money laundering by means of the government.
As in step with the inputs provided by means of the Finance Ministry, "884 companies are under investigation in various money laundering cases," the Minister of State for Corporate Affairs stated in a written reply to Rajya Sabha.
He additional famous that investigation in opposition to these firms has ended in attachment of property price Rs 5,066.3 crore and filing of a complete of 58 prosecution circumstances under Prevention of Money Laundering Act (PMLA).
Further, over 2.26 lakh firms were struck off for final inactive for a length of two years or extra as on December 2017.
Besides, greater than 3 lakh individuals were disqualified for containing the put up of director at registered firms for failing to comply with regulatory necessities. Of these administrators, over 2 lakh disqualified administrators were on the board of deregistered firms.
"...3,09,619 directors were disqualified ...for non filing of financial statements or annual returns for a continuous period of immediately preceding three financial years (2013-14, 2014-14 and 2015-16)," Corporate Affairs Minsiter Arun Jaitley stated in a separate reply to Lok Sabha.
Further, he stated that no director on the board of government firms was once disqualified for lapse in the filing financial statements or annual returns in admire of such companies.
Also, Jaitley stated that no separate database is being applied with admire to bureaucrats and politicians on board of companies
884 companies under scanner in money laundering cases: Govt
![884 companies under scanner in money laundering cases: Govt]()
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February 06, 2018
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