Sfio

SFIO probing Vivo, Oppo, Xiaomi after RoC flags Rs 6,000-crore 'fund diversion'

The SFIO’s investigation, which began around March this year, is expected to take about a year to complete

SFIO wraps probe into 33 Chinese loan apps; Prosecution likely

Reports on digital lending firms like Omlette and Jump Monkey submitted to MCA; crackdown on predatory fintech apps intensifies

SFIO probing 33 firms with Chinese investments for financial irregularities

Crackdown on financial misconduct intensifies as SFIO investigates fund diversion, regulatory breaches in companies with Chinese investment.

Corporate affairs ministry asks to speed up inspection report on Byju’s

There is no separate Serious Fraud Investigation Office (SFIO) probe ongoing against Byju’s, the official clarified.

Byju’s not facing SFIO probe yet, corporate affairs ministry investigating governance lapses

Edtech giant BYJU’S is currently not facing any investigation by SFIO, sources in the Ministry of Corporate Affairs told CNBC-TV18, adding that the matter is still being probed by the ministry.

SFIO begins probe into Byju's alleged governance lapses, compliance failures: Report

The report comes around two weeks after three key directors representing some of the largest shareholders of Byju's stepped down from its board.

SFIO has 150 posts vacant; continuous efforts being made to fill up positions: Govt

In a written reply to Lok Sabha, Minister of State for Corporate Affairs Rao Inderjit Singh said that at present, there are a total of 238 sanctioned post and out of them, 88 positions are filled and 150 are vacant.

Govt allows Enforcement Directorate to share info with 15 more agencies

The finance ministry notified changes to the Prevention of Money Laundering Act (PMLA), 2002, on November 22.

SFIO arrests mastermind of China-linked shell companies

Based on inputs and the investigations carried out, it was gathered that Dortse had fled from Delhi-NCR to a remote place in the state of Bihar

MP Karti Chidambaram writes to SFIO, seeks probe on Byju's

His letter to the SFIO comes at a time when the world's most valuable edtech startup is muddled with issues including alleged mis-selling of various courses, delayed fundraises, and is thus cutting costs.

Supreme Court lifts stay on Sahara group probe by Serious Fraud Investigation Office

The court also revived the lookout circulars that were issued by the agency against Subrata Roy and other persons.

SFIO arrests former Bhushan Power & Steel vice-chairman Aarti Singhal

The SFIO is probing corporate governance violation charges against the former promoters of BPSL.

SFIO informs SC it has prepared report on irregularities in Unitech, seeks permission to file it in sealed cover

The Supreme Court bench permitted SFIO to file the report in a sealed cover and has listed the matter for further hearing on October 6.

Rakesh Jhunjhunwala invested company under SFIO gaze over charges of cheating, diversion of funds

The corporate affairs ministry ordered a probe after RoC found that the company allegedly diverted Rs 1,000 crore and also failed to pay Rs 150 crore in interest.

SFIO to probe Jaiprakash Associates, Jaypee Infratech for financial irregularities

Jaypee group, which is into construction, cement, power, real estate, hotel and hospital businesses, has been facing crisis in the last few years due to defaults in debt repayments and huge delays in completion of housing projects in Noida and Greater Noida.

MCA orders SFIO probe in Cox & Kings: Sources

The Ministry of Corporate Affairs (MCA) has ordered a Serious Fraud Investigation Office probe in travel firm Cox & Kings after it uncovered prima facie evidence of siphoning of money, a source told Moneycontrol.

MCA orders SFIO probe into CG Power: Sources

The MCA ordered an SFIO probe on the recommendations of the Western Regional Director of the MCA, which, in its report on CG Power submitted last month, found diversion of funds.

Govt likely to order SFIO probe into DHFL financial irregularities

The Registrar of Companies, Mumbai office, has submitted its report on Dewan Housing Finance Corporation (DHFL) to the Ministry of Corporate Affairs a couple of days ago, an official said.

NSEL case: EOW arrests 2 auditors of EY associate SV Ghatalia

The two officials have been arrested in connection with a National Spot Exchange Limited (NSEL) scam, six years after it first came to light.

Govt moves NCLAT against NCLT orders directing probe into cos' affairs by SFIO

The SFIO contended the NCLT does not have the jurisdiction to direct an investigation into the affairs under the provisions of the Companies Act.

BSR & Associates gets temporary relief from HC in IFIN audit case

The fraud investigation agency had filed the case against the audit firm before a special court in Mumbai and the proceedings were being heard by a bench of the National Company Law Tribunal (NCLT).

Setback for Deloitte, BSR Associates as NCLT reiterates jurisdiction to ban auditors

This order is huge set back to Delliotte and BSR Associates which is part of KPMG group. Deliotte spokesperson said ““We note the NCLT’s ruling, which is unfortunate. We will review the order and decide on a course of action shortly. DHS LLP remains committed to high standards of audit quality and ethical conduct in its professional practice. The firm has faith in the regulatory and judicial processes and will continue to cooperate fully with the authorities.”