SFIO done investigations against 361 companies last fiscal: Govt

SFIO done investigations against 361 companies last fiscal: Govt

NEW DELHI: The Serious Fraud Investigation Office (SFIO) done probes in 12 cases intriguing 361 companies in the last monetary one year. In 2018-19 also, the probe company done investigations in 12 cases but the synthetic of companies fervent had been simply 83, as per files supplied by the corporate affairs ministry to the Rajya Sabha on Tuesday.

The suggestions used to be supplied in a written answer by Minister of Suppose for Corporate Affairs Anurag Singh Thakur.

The SFIO, which comes below the corporate affairs ministry, done investigations in 12 cases intriguing 361 companies in 2019-20, in step with the suggestions.

In 2017-18, it done probes in 5 cases and these fervent 132 companies.

In accordance with the minister, the suggestions is for cases the place instances of manipulation of accounts by the companies assigned to SFIO and investigations done in the last three years.

“SFIO has been given big powers below the provisions of the Companies Act, 2013 along with the energy to arrest.

“In step with a successfully laid down project, cases that possess prima facie findings of fraud are referred to SFIO,” the minister said.

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