The Enforcement Directorate (ED)have launched a massive countrywide operation to check money laundering and raided at least 100 locations across sixteen states as part of a crackdown on shell companies.ED raided the premises of about 300 shell firms in Delhi, Chennai, Kolkata, Chandigarh, Patna, Ranchi, Ahmedabad, Bhubaneswar and Bengaluru, among others. The ED also has on its radar over 400 chartered accounts and entry operators, against whom action is likely to be taken.ED searches at shell companies related to Y S Jagan Reddy Rajeshwar Exports & others to unearth their modus operandi.ED searches expose Mumbai operator running 700 shell companies with 20 dummy directors, had converted Rs 46.7 crore for Chaggan Bhujbal

The firms raided were companies with alleged links to senior NCP leader Chhagan Bhujbal, YSR Congress leader Jagan Reddy and tainted Noida Engineer Yadav Singh.The action is part of the mandate given to the ED under a Special Task Force (STF) that was recently created by the government on the directions of the Prime Ministers Office.