SFIO investigating 21 cases in 2017-18;

RoCs and RDs assigned 119 cases to investigate in 2017-18;

Various Courts levy penalty of ₹ 5,90,909 in last three years in cases

Union Minister of State for Law & Justice and Corporate Affairs Shri P.P. Chaudhary said in Rajya Sabha today that the Government has established Serious Fraud Investigation Office (SFIO) to look into serious corporate frauds including Multi-National Companies (MNCs). The details of investigations assigned to SFIO are:

Year	Total Investigation cases assigned to SFIO
2015-16	23 involving 184 entities
2016-17	25 involving 111 entities
2017-18	21 involving 225 entities

The Corporate Affairs Minister further informed the House of the investigations assigned to Regional Directors (RDs) and Registrars of Companies (ROCs):

Year	Total Investigation cases assigned to RDs and ROCs
2015-16	02
2016-17	03
2017-18	119

The Corporate Affairs Minister said that during the last three years, 94 complaints/prosecution were disposed of by the various Courts by levying a total fine of ₹ 5,90,909/-. In addition to this, an amount of ₹ 61,32,500/- was collected as compounding fee as ordered by the Courts. Further, in one case imprisonment for a period of one year and four months and in 3 cases punishment till rising of Courts along with fine was also imposed by the Courts.

This was stated by Union Minister of State for Law & Justice and Corporate Affairs Shri P.P. Chaudhary in Rajya Sabha today.

Serious fraud investigations: SFIO, RDs and ROCs pursued multiple corporate probes with prosecutions, fines and compounding fees. The Government established the Serious Fraud Investigation Office (SFIO) to probe significant corporate frauds; SFIO was assigned 23 investigations (184 entities) in 2015-16, 25 (111 entities) in 2016-17, and 21 (225 entities) in 2017-18. Regional Directors and Registrars of Companies were assigned 2, 3 and 119 matters in those respective years. Over the three years courts disposed of 94 complaints/prosecutions, levying fines, ordering compounding fee payments, imposing one custodial sentence of one year and four months, and imposing ''punishment till rising of courts'' with fine in three cases.