Thursday, Nov 23 2017 | Time 14:50 Hrs(IST)
image
  • '
  • Stolen babies: MEPs urge Spain to solve all alleged cases
  • '
  • Students must be equipped with technical knowledge, analytical skills, critical thinking, innovative ideas : VP
  • New rules on funding European political parties
  • Brimming German economy well placed to ride out political uncertainty
  • MVR Cancer Centre to open Dubai office
  • Myanmar, Bangladesh sign Rohingya return deal - Myanmar official
  • '
  • IIT-M gears up for campus placement, in a first Apple Inc, UIDAI and Nasdaq to recruit students
  • 11 nations to participate in mock exercise on tsunami preparedness
  • US calling Rohingya operation "ethnic cleansing" unhelpful-Russian envoy
  • US, 2 other envoys present credentials to Prez
  • Myanmar, Bangladesh sign Rohingya return deal - Myanmar official
  • Australia rally late to restrict England
Business Economy Share

De-registered companies having mind boggling number of bank A/Cs: Banks tell Centre

De-registered companies having mind boggling number of bank A/Cs: Banks tell Centre

New Delhi, Oct 6 (UNI) Pre-demonetisation, one single shell company had as much as 2,134 accounts in various banks without having any justifications whereas many others had accounts in the range of 900, 300 each. According to the first trench of data related to de-registered companies, submitted by 13 banks to the Government, the banks have informed that, after separating the loan accounts, these companies were having a meagre balance of Rs 22.05 crore to their credit on 8th November, 2016. However, from November 9, 2016 i.e. after the announcement of demonetisation, till the date of their being struck off, these companies have altogether deposited a huge amount of Rs 4,573.87 crore in their accounts and withdrawn an equally large amount of Rs 4,552 crore. With loan accounts, there was a negative opening balance of Rs 80.79 crore. Disturbing factors have been identified of companies having multiple accounts with miniscule or negative balance as on 8th November, 2016 which have then deposited and withdrawn amounts going in several crores from these accounts. The accounts were thereafter again left as dormant accounts with paltry balance. As mentioned earlier, this exercise of swindling the authorities was carried-out post demonetization till the companies were struck off. In some cases, certain companies have gone more adventurous and made deposits and withdrawals even after being struck off. For example, in one of the Bank, 429 companies having zero balance each as on 8th November, 2016 have deposited and withdrawn over Rs 11 crore and left again with a cumulative balance of just Rs 42,000 as at the date of freezing. Similarly in the case of another bank, more than 3,000 such companies, most having multiple accounts, have been located. From having a cumulative balance of about Rs 13 crore as on 8th November, 2016, these companies have deposited and withdrawn about Rs 3,800 crore, leaving a negative cumulative balance of almost Rs 200 crore at the time of freezing of their accounts. According to a Finance Ministry statement, this data is only about 2.5 per cent of the total number of suspected companies that have been struck off by the Government. The huge money game played by these companies may well be the tip of an iceberg of corruption, black money and black deeds of these and many more of their brethren. The investigative agencies have been asked to complete necessary investigation in a time bound manner. The country and honest citizen may well look forward to a more cleaner tomorrow. These data have provided other vital information too to the Government regarding the bank account operations and post-demonetisation transactions of some of the 2,09,032 suspicious companies that had been struck off the Register of Companies earlier this year. According to Finance Ministry, these 13 banks have submitted their first installment of data. The data received from them pertains to merely about 5,800 companies (out of more than 2 lakh that were struck off) involving 13,140 accounts. The data are pertaining to the pre-demonetisation account balances and transactions conducted from the accounts of these companies during the demonetisation period is even more startling. UNI ADP AE 1445

Top News
Modi inaugurates Global Cyber Security Summit

Modi inaugurates Global Cyber Security Summit

New Delhi, Nov 23 (UNI) Underlining the importance of cyber security in the fast emerging digital world, Prime Minster Narendra Modi on Thursday said nations must take responsibility to ensure that the digital space does not become a playground for the dark forces of terrorism and radicalization. “We need to ensure that vulnerable sections of our society do not fall prey to the evil designs of cyber criminals.

see more..
Students must be equipped with technical knowledge, analytical skills, critical thinking, innovative ideas : VP

Students must be equipped with technical knowledge, analytical skills, critical thinking, innovative ideas : VP

Chennai, Nov 23 (UNI) Vice-President M Venkaiah Naidu today said thanks to technological advances and digital revolution, the world was changing at an unprecedented pace and the students coming out of institutes of higher learning must be equipped to deal with emerging situations not only in terms of technical knowledge, but also in terms of analytical skills, critical thinking, creativity and innovative ideas.

see more..
Congress 'Fire Fighting' team to extinguish dissension after ticket row

Congress 'Fire Fighting' team to extinguish dissension after ticket row

By Nirendra Dev Ahmedabad, Nov 23 (UNI) Faced with dissensions among the rank and file following ticket distribution row, the Congress high command could see depute a "fire-fighting team to extinguish unhappiness" among the disgruntled party workers in poll-bound Gujarat.

see more..
Assam's  BJP minister comment on cancer draws flak

Assam's BJP minister comment on cancer draws flak

Guwahati, Dec 23 (UNI) Star strategist of BJP in North East, Himanta Biswa Sarma jibe at cancer patients has drawn sharp criticism from various quarters for linking accidents and life-threatening diseases like cancer to "sin.

see more..
Mehbooba announces withdrawal of cases against first-time stone-pelters

Mehbooba announces withdrawal of cases against first-time stone-pelters

Srinagar, Nov 23 (UNI) Jammu and Kashmir Chief Minister Mehbooba Mufti has announced withdrawal of cases against first-time stone-pelters or offenders in the Kashmir valley.

see more..
CEC hardens position on int’l poll observers

CEC hardens position on int’l poll observers

Kathmandu, Nov 23 (UNI) Chief Election Commissioner (CEC) Ayodhee Prasad Yadav has hardened position on international observers following some “questionable activities” on the part of some representatives in Kanchanpur district, The Kathmandu Post reported on Thursday.

see more..
Sibal slams Assam Minister for 'cancer is divine justice' remark

Sibal slams Assam Minister for 'cancer is divine justice' remark

New Delhi, Nov 23 (UNI) Congress leader and former Union Minister Kapil Sibal on Thursday slammed Assam Minister Himanta Biswa Sarma for his remarks that cancer is divine justice for sins committed.

see more..
image