ED crackdown on shell companies: What was unearthed


EDThe Enforcement Directorate cracked down on at least 1,000 shell companies on Saturday. Companies allegedly linked to Y Jagan Mohan Reddy, Chagan Bhujbal and former BSP leader Babu Singh Kushwaha faced the ED’s music.

The raids were conducted on the basis of the money trail found in various cases booked under the Foreign Exchange Management Act and Prevention of Money Laundering Act.

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