<h1>Serious Fraud Investigation Office Probes 139 Corporate Fraud Cases; Government Strengthens Measures Under Companies Act, 2013.</h1> The Ministry of Corporate Affairs has initiated investigations into 139 alleged corporate fraud cases over the last three years and the current year through the Serious Fraud Investigation Office. These cases involve fund diversion, manipulation of accounts, and misuse of investment schemes. While there is no conclusive evidence of an increase in corporate frauds, the government has implemented measures to combat such activities. These include defining fraud as a substantive offense under the Companies Act, 2013, enhancing corporate governance norms, granting statutory status to the SFIO, amending securities laws, and employing technology for fraud detection.