Sun, Jun 09, 2019
India’s Serious Fraud Investigation Office (SFIO) has now turned the lens on auditors of Infrastructure Leasing and Financial Services’ (IL&FS) holding company and IL&FS Transportation Network, in what could be the biggest probe involving about 35 audit firms including some of the biggest Indian firms.
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Sat, Apr 13, 2019
The Serious Fraud Investigation Office (SFIO) has arrested former IL&FS Managing Director and CEO Ramesh Bawa in connection with ongoing investigations into irregularities. Watch this video to know more.
Wed, May 23, 2018
Market regulator Securities and Exchange Board of India (Sebi) is probing suspected insider trading by some institutional investors and other regulatory lapses at Fortis Healthcare amid a takeover battle and boardroom upheaval at the hospital chain, officials said.
Sun, Mar 25, 2018
PNB fraud: The move comes close on the heels of the National Company Law Tribunal (NCLT) restraining more than 60 entities, including Nirav Modi, Mehul Choksi, various individuals, companies and limited liability partnership firms, from selling their assets. A multi-agency probe, including by the Serious Fraud Investigation Office (SFIO), is progressing into the scam, whose kingpin is alleged to be Nirav Modi. The fraud, the biggest so far in the Indian banking industry, was perpetrated by way of issuance of fraudulent Letters of Undertaking ( LoUs )
Tue, Mar 06, 2018
Punjab National Bank (PNB) fraud case: The SFIO was investigating loans of Rs 5,280 crore to Gitanjali Gems by ICICI Bank-led consortium of 31 banks which gave loans to the company
Thu, Mar 01, 2018
Fortis Healthcare today said it will hire an external legal firm to carry out investigation into alleged siphoning of cash by the firm's promoters, Malvinder Singh and Shivinder Singh. The duo, who last month resigned from the board of the company, are alleged to have taken Rs 473 crore out of th
Mon, Dec 25, 2017
This translates to an average of 7 companies being referred for investigations per month
Sun, Dec 03, 2017
After striking off names of around 2.24 lakh companies from the official records for being inactive for long and disqualifying more than 3 lakh directors, the corporate affairs ministry is carrying out data mining to gather more details.
Mon, Aug 14, 2017
Market watchdog identified 331 listed firms as suspected shell companies. Various measures are taken by the regulator in tackling the black money.
Thu, Aug 10, 2017
The leading bourse would report to the Sebi about the 48 companies after collecting the information. Out of the 48 firms, ten entities had already been suspended before the Sebi's directive.
Fri, Mar 17, 2017
Corporate Affairs Minister Arjun Ram Meghwal told Parliament on Friday that Serious Fraud Investigation Office (SFIO) has found that chartered accountants and advocates helped 559 people launder Rs 3,790 crore in cash.
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![Sebi's scanning of "shell companies" creates problems for investors, banks](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_160x90/public/2017/08/14/22893-sebi-youtube.png?itok=5VpOqmF5&c=e33a5d63612e74724e415f01ce85e482 "Sebi's scanning of "shell companies" creates problems for investors, banks")
