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  • SFIO has 150 posts vacant; continuous efforts being made to fill up positions: Govt Dec 19, 2022 05:55 PM IST

    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 Nov 28, 2022 05:36 PM IST

    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 Sep 11, 2022 10:35 AM IST

    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 Jul 21, 2022 03:39 PM IST

    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 May 26, 2022 12:33 PM IST

    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 Mar 22, 2022 07:43 AM IST

    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 Sep 29, 2021 03:32 PM IST

    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   Jul 29, 2020 11:11 AM IST

    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 May 27, 2020 05:10 PM IST

    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 Nov 07, 2019 06:17 PM IST

    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 Nov 07, 2019 05:28 PM IST

    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 Oct 29, 2019 01:20 PM IST

    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 Oct 04, 2019 07:55 PM IST

    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 Sep 22, 2019 12:25 PM IST

    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 Sep 04, 2019 10:11 PM IST

    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 Aug 09, 2019 06:41 PM IST

    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.”

  • SFIO seeks action against Bhushan Steel's lenders, including SBI, PNB, LIC Jul 24, 2019 06:09 PM IST

    SFIO seeks action against Bhushan Steel's lenders, including SBI, PNB, LIC

    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

  • IL&FS: NCLT allows govt to prosecute auditors Deloitte, BSR; C Sivasnkaran & 2 independent directors Jul 18, 2019 10:25 PM IST

    IL&FS: NCLT allows govt to prosecute auditors Deloitte, BSR; C Sivasnkaran & 2 independent directors

    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).

  • SFIO probe finds IL&FS head Parthasarthy’s wife had business dealings with C Sivasankaran Jul 16, 2019 07:29 PM IST

    SFIO probe finds IL&FS head Parthasarthy’s wife had business dealings with C Sivasankaran

    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.

  • SFIO probe ordered in six cases till June-end of FY'20 Jul 15, 2019 08:04 PM IST

    SFIO probe ordered in six cases till June-end of FY'20

    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.

  • Allahabad Bank reports Rs 1,774 crore fraud by Bhushan Power and Steel Jul 13, 2019 05:27 PM IST

    Allahabad Bank reports Rs 1,774 crore fraud by Bhushan Power and Steel

    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.

  • IL&FS saga: Enforcement Directorate initiates probe against Siva Group companies Jun 11, 2019 09:16 PM IST

    IL&FS saga: Enforcement Directorate initiates probe against Siva Group companies

    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.

  • IL&FS mess: SFIO probe reveals SEBI, auditor oversight in NCD end use Jun 11, 2019 01:35 PM IST

    IL&FS mess: SFIO probe reveals SEBI, auditor oversight in NCD end use

    According to documents filed by the SFIO, IL&FS has outstanding NCDs of over Rs 25,000 crore.

  • IL&FS case: SFIO recommends action against auditors, action for recovery of losses Jun 04, 2019 04:54 PM IST

    IL&FS case: SFIO recommends action against auditors, action for recovery of losses

    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.

  • Patiala House Court grants SFIO 2-day custody of ex Bhushan Steel CFO May 03, 2019 10:35 PM IST

    Patiala House Court grants SFIO 2-day custody of ex Bhushan Steel CFO

    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.