Finally!

"According to early information from sources, among the companies targetted in the raids are those connected to ...[ politicians ]".

Link 1: IndiaTVNews:

ED 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 Minister’s Office (PMO).

"In raids [on black money hoarders] ED has reportedly unearthed around 2300 shell companies, most of them formed after the decision to demonetise on November 8, 2016.

"These companies are suspected to have been used in the exchange of old notes for new besides being allegedly involved in money laundering.

"Links to over 10 lakh shell companies have been monitored under the Special Task Force, while it waited till March 31 window, under the Garib Kalyan Yojana for declaration of black money, to end".

Action is being carried out under the provisions of the Prevention of Money Laundering Act (PMLA) and the Foreign Exchange Management Act (FEMA). The entire roadmap for the massive crackdown was prepared during a meeting of the Income Tax department, the Financial Intelligence Unit and the Enforcement Directorate in the last week of March.

Link 2: India Today

Searches took place on all the professionals who were the brains behind the creation and operation of such shell companies.

Purohit, a chartered accountant cum adviser, who was linked with former Deputy CM Chhagan Bhujbal in illegal conversion of black money, has revealed 'names of few business houses'.

Purohit was running 700 shell companies using 20 dummy directors, but now only 130 companies exist. "But, it does not mean that remaining 500 companies have been completely shut or vanished. There could be a possibility that Purohit has changed the names of the firms or dummy directors. The ED is investigating Purohit's role from all angles," the source said.

Enforcement Directorate raids over 100 locations in 16 states, uncovers 2300 shell companies