<h1>SFIO Investigates 134 Corporate Fraud Cases u/s 235 of Companies Act; Government Strengthens Measures to Combat Fraud.</h1> Over the past three years, the Ministry of Corporate Affairs has directed the Serious Fraud Investigation Office (SFIO) to investigate 134 cases of corporate fraud under section 235 of the Companies Act, 1956. These include 12 cases in 2011-12, 46 in 2012-13, and 76 in 2013-14, with 58 companies involved in chit fund activities under scrutiny. The government has introduced measures to combat fraud, including defining fraud as a substantive offense in the Companies Act, 2013, enhancing corporate governance norms, granting statutory status to the SFIO, amending securities laws, and utilizing technology for fraud detection.