83% of money-laundering cases since note ban related to shell firms, realty

Gold-related cases accounted for only 7%, drugs (6.5%), arms and ammunition (4.5%) and others (8%)

The Enforcement Directive (ED), after investigating 3,700 cases of money laundering involving tainted assets worth Rs 9,935 crore, found that the Indian economy faces a bigger threat from cheating and corruption than it does from drugs and arms smuggling.

ED conducted a risk assessment exercise of these cases to show the number and type of cases booked after Narendra Modi-led demonetisation drive. Surprisingly, 83 per cent of the cases registered by the ED in the past one year related to financial institutions and real estate, reported The Times of India. 

The study, conducted between November 2016 and September 2017, found