CBI unearths 339 fake companies used to divert â¹2,900 crore
The Central Bureau of Investigation (CBI) has unearthed complex webs involving 339 shell companies used for allegedly diverting funds to the tune of â¹2,900 crore over the last three years. As per CBI sources, the shell companies were allegedly being used to divert loan funds meant for specified purposes, creating fake invoices, and round-tripping of funds to evade taxes.