Probe into 80,000 shell firms hits dead end as govt fails to trace PANs The government had sent notices to 226,000 companies for not filing statutory returns The probe into 80,000 shell companies struck off by the Registrar of Companies (RoC) in the first lot has hit a dead end. The government had not been able to trace the Permanent Account Numbers (PANs) of 80,000 companies, which was hampering investigations, officials of the corporate affairs ministry said. “Banks were asked to furnish the transaction data of these shell companies. But they did not respond despite multiple reminders. Banks have told us that without PAN card details, it was not possible to track these companies,” one of the officials said. PAN is compulsory for any transaction above Rs 50,000. So far, the government has transaction details of only 73,000 companies. These companies deposited Rs 240 billion at the time of demonetisation. Many of these firms were found evading taxes. In a recent communication