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SFIO budget cut to impact investigations

Last Updated: Tuesday, May 01, 2012, 12:09

Budget allocation for the investigation arm of the ministry has been cut down by 15 percent, a move that earned criticism from the Parliamentary Standing Committee of the Finance Ministry in its report tabled in Parliament on April 24, 2012.

SFIO budget cut to impact investigations

Last Updated: Tuesday, May 01, 2012, 12:09

Budget allocation for the investigation arm of the ministry has been cut down by 15 percent, a move that earned criticism from the Parliamentary Standing Committee of the Finance Ministry in its report tabled in Parliament on April 24, 2012.

No corporate impropriety by Sesa Goa, says new SFIO report

Last Updated: Monday, March 05, 2012, 20:56

In a U-turn, the fraud probe agency SFIO in its latest report said that mining major Sesa Goa Ltd (SGL) has not indulged in any corporate impropriety with regard to allegations of over and under invoicing of exports and imports.

SFIO to have power to arrest under new Cos Bill: Moily

Last Updated: Monday, January 23, 2012, 15:05

SFIO is investigating 12 cases at the moment, including one against erstwhile retail chain Subhiksha.

Independent directors to be made more accountable: Govt

Last Updated: Monday, December 19, 2011, 18:28

Many of the changes, he added, have been incorporated in the Companies Bill, 2011, which is awaiting the Parliament approval.

Govt asks SFIO to begin prosecution against Sesa Goa

Last Updated: Thursday, October 13, 2011, 00:06

The Corporate Affairs Ministry is understood to have ordered prosecution against mines major Sesa Goa on eight grounds, including over and under-invoicing of exports and imports of over Rs 1,000 crore.

SFIO probes should be on par with police reports: Panel

Last Updated: Tuesday, August 31, 2010, 22:29

The Corporate Affairs Ministry`s proposal to grant statutory powers to its corporate fraud probing body SFIO, and treating its investigation reports on par with police reports in courts.

SFIO to be armed with powers to interrogate: Govt

Last Updated: Friday, October 02, 2009, 15:19

The government is likely to arm SFIO with powers to interrogate and seize documents among others following the complaints that it faced problems in probing the multi-crore Satyam accounting fraud.