Mumbai : Serious Fraud Investigation Office (SFIO) is probing a company that deposited and withdrew Rs 3,178 crore in the banks after the demonetisation and has ghost registered address at Erragadda in Hyderabad.
Dreamline Manpower Solutions is not operating from its registered address with the ministry of corporate affairs, Door No. 8-4-548/1 near Gokul Theatre, Erragadda. It has later changed its name to Nityank Infrapower and Multiventures Private Limited. N Siddappa Nilayam, the building in which the office was registered is a residential premises and the people in the building say they know nothing about the whereabouts of the firm.
Cos to be deregistered
The corporate affairs ministry has expedited a crackdown on suspected shell companies in Telangana and Andhra Pradesh, which are under the ambit of the Registrar of Companies, Hyderabad, a senior government official said.
“We may deregister over 30,000 defunct companies this year. We have already scrapped over 20,000 companies in Andhra and Telangana last year,” the official said.