Tag: shell companies

Electoral bonds data: 20 firms bought electoral bonds within 3 years of incorporation, despite 3-year rule

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Electoral bonds data: 20 firms bought electoral bonds within 3 years of incorporation, despite 3-year rule

Twelve of the 20 new companies which bought electoral bonds were from Hyderabad. | Photo Credit: Akash Dhage/Unsplash Despite companies in existence for less than three years not being allowed to make political contributions — even through the electoral bonds route — data shows that at least 20 such newly incorporated firms purchased poll bonds…

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Probe Agency Freezes Rs 123 Crore Of Shell Firms In Illegal Betting Case

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Probe Agency Freezes Rs 123 Crore Of Shell Firms In Illegal Betting Case

ED initiated the investigation based on the FIR registered by Kerala Police. New Delhi: The Enforcement Directorate (ED) has frozen Rs 123 crore, belonging to Singapore-based shell entities, parked in bank accounts of Mumbai-based NIUM Indian Pvt Ltd as part of its probe into a money laundering case of illegal online loans, gambling, and betting…

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