May 27, 2020 05:10 PM IST 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.
November 07, 2019 06:17 PM IST 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.
November 07, 2019 05:28 PM IST 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.
October 29, 2019 01:20 PM IST 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.
October 04, 2019 07:55 PM IST The two officials have been arrested in connection with a National Spot Exchange Limited (NSEL) scam, six years after it first came to light.
September 22, 2019 12:25 PM IST The SFIO contended the NCLT does not have the jurisdiction to direct an investigation into the affairs under the provisions of the Companies Act.
September 04, 2019 10:11 PM IST 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).
August 09, 2019 06:41 PM IST 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.”
July 24, 2019 06:09 PM IST In its report that runs into over 70,000 pages, the investigating agency has charged officials of 13 banks of being hand-in-glove with the Bhushan Steel promoters
July 18, 2019 10:25 PM IST The NCLT in an order posted on its website on July 18 said the corporate affairs ministry can go ahead with prosecution based on the findings of the probe conducted by the Serious Fraud Investigation Office (SFIO).
July 16, 2019 07:29 PM IST The latest SFIO report also has a mention of former finance minister P Chidambaram based on a passing reference made by C Sivasankaran during the investigation.
July 15, 2019 08:04 PM IST In a written reply to the Lok Sabha, Minister of State for Corporate Affairs Anurag Thakur said the SFIO has vast powers under the Companies Act, 2013.
July 13, 2019 05:27 PM IST Bhushan Power & Steel defaulted on Rs 47,700 crore worth of loans in 2017 and was one of the 12 cases referred for resolution under Insolvency and Bankruptcy Code.
July 03, 2019 05:54 PM IST The investigation revealed that Arun K Saha, the former joint Managing Director of IL&FS, threatened to discontinue business to the rating agencies if they gave unfavourable ratings.
June 20, 2019 05:10 PM IST ED will now look into the evidence of money laundering by the officials and find money trails related to the official's account.
June 11, 2019 09:16 PM IST C Sivasankaran, promoter of Siva Group, had arranged hospitality and other amenities for IL&FS Chairman Ravi Parthasarathy, director Vibhav Kapoor, and vice-chairman Hari Sankaran, SFIO has said in its report.
June 11, 2019 01:35 PM IST According to documents filed by the SFIO, IL&FS has outstanding NCDs of over Rs 25,000 crore.
June 04, 2019 04:54 PM IST The huge scam came to light last year after IL&FS and its subsidiaries defaulted on several debt repayments due to a severe liquidity crisis.
May 09, 2019 01:04 PM IST The MCA wants to look into several instances where Jet had written off investments in various subsidiary companies without any apparent reason.
May 03, 2019 10:35 PM IST Nittin Johari is accused of being the prime perpetrator who manipulated letters of credit (LCs) by filing false documents to avail funds from various banks.
February 20, 2019 12:50 PM IST The Enforcement Directorate (ED) has registered a case against former top officials of IL&FS, including its former chairman Ravi Parthasarathy, under the Prevention of Money Laundering Act (PMLA).
January 26, 2019 02:27 PM IST Controversies and allegations are not new for Zee promoter Subhash Chandra. But every time, Chandra has managed to forge ahead. Will he succeed this time too?
January 01, 2019 06:44 PM IST The National Company Law Tribunal allowed the government's plea for re-opening and re-casting of financial accounts of IL&FS and its group companies.
December 21, 2018 07:47 PM IST A supplementary notice is issued by SEBI if any investigation suggests wrongdoing – as pointed in this case by the Serious Fraud Investigation Office (SFIO), that is investigating the Rs 5,600-crore NSEL scam.
December 14, 2018 04:15 PM IST A multi-agency probe is already underway into the fraud, which was mainly perpetrated by way of fraudulent Letters of Undertaking (LoUs).
