<h1>Serious Fraud Investigation Office Develops Early Warning System for Financial Fraud Detection; No Current Victim Compensation Scheme.</h1> The Serious Fraud Investigation Office is working on an Early Warning System to detect financial frauds in the country. A consulting agency has been hired to develop the system's conceptual framework, which is still in progress and expected to yield results once stabilized. Currently, there is no scheme under the Companies Act, 2013, to provide rehabilitation or compensation to victims of such frauds. This information was disclosed by the Minister of State for Corporate Affairs in a written response to a question in Lok Sabha.