LIE: Then (after demonetization) we found three lakh companies, which were only shell companies


Modi Lies / Tuesday, August 15th, 2017

The irony is that according to a press release by the Ministry of Finance on 28th July 2017, the companies removed from the Register of Companies stood at 1,62,618 (as on 12.07.2017). The entire document mentions nothing about demonetization. This was another failed attempt to justify the horror of demonetization. Between 2013-14 to 2015-16, only 1155 shell companies were identified.

Read more here: https://scroll.in/article/847327/fact-check-what-modi-said-about-demonetisation-in-his-i-day-speech-and-what-the-data-shows

Image Courtesy: India .com

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