Serious Fraud Investigation Office (sfio)

A bench of Justices Sanjay Kishan Kaul and Sudhanshu Dhulia observed this while dealing with a plea by an accused challenging the Delhi High Court order denying him bail in a case of alleged fraud resulting in misappropriation of public money of over Rs 5,000 crore.

This ruling on powers of SFIO clears the air on its primacy

The Delhi High Court ruled that once the Serious Fraud Investigation Office is assigned a case, no other authority can conduct a parallel investigation 

ABG Shipyard: Case of the ‘biggest banking fraud’ should be investigated by SFIO, not the CBI

As the SFIO cannot start an investigation suo moto, the Central Government must assign the investigation to the agency in the public interest. 

SFIO finds irregularities at IL&FS, will submit report to govt soon: Report

The SFIO's findings give credence to the government's initial suspicion of financial wrongdoings and compromise in governance standards at IL&FS

IL&FS crisis: Rating agencies under SFIO lens; govt may retender Zojila Tunnel project

IL&FS' financial health has also raised other concerns for the government such as to whether open new bids for the strategically important Zojila Tunnel in Jammu and Kashmir

Govt to take 'harsh punitive' action against shell cos

Following a review by the Prime Minister's Office, a task force with members from regulatory ministries and enforcement agencies has been constituted to monitor action against "deviant" shell companies.

Govt gets SFIO report on Saradha scam; prosecution soon

The scam, wherein lakhs of investors in West Bengal and neighbouring states were defrauded of thousands of crores through illegal money pooling activities, came to light early last year and has also had its political ramifications.

MCA orders inspection of accounts of FT, MCX & NSEL

Sachin Pilot had indicated that they had sought an enquiry report from the Registrar of Companies and on the basis of that report, this inspection has been ordered under Section 209(A) of the Companies Act

SFIO denied permission to drop SCSL from Satyam fraud case

A local court today dismissed a petition filed by Serious Fraud Investigation Office (SFIO), seeking to withdraw the complaint against Satyam Computer Services Limited (SCSL) from the list of accused, in the multi-crore accounting fraud case.

More teeth to the Serious Fraud Investigation Office: Moily

Government today said it proposes to give more teeth to the Serious Fraud Investigation Office (SFIO) under the new Companies Bill by providing it statutory recognition and endowing it with more powers.