Press Information Bureau

Government of India

Ministry of Corporate Affairs

11-August-2011 19:38 IST

Investigation of Pharma Companies by SFIO

The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Rajya Sabha that 33 cases have been investigated by SFIO during the last 3 years i.e. 2008-09, 2009-10, 2010-11 and 2011-12 (till date 05.08.2011).

Replying to a written question the Minister said the pharma companies like Cipla and Sun have not been probed by SFIO, as no investigation has been ordered against these companies.

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ST/-

SFIO investigations show multiple corporate probes; no investigation was ordered against Cipla or Sun pharma companies. The press release reports that the SFIO conducted 33 investigations across 2008-09 to 2011-12 and clarifies that specific pharmaceutical companies were not probed because no formal investigation order had been issued against them, distinguishing investigated matters from entities not subject to inquiry.