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<h1>India to Boost Serious Fraud Investigation Office with Statutory Powers, New Offices, and Expanded Roles in Companies Bill.</h1> The Government of India plans to strengthen the Serious Fraud Investigation Office (SFIO) by granting it statutory recognition, as recommended by the Vepa Kamesam committee. Proposed enhancements include treating SFIO investigation reports as police reports, granting the power to issue letters of request in international cases, and defining fraud with associated penalties. These changes are subject to approval in the revised Companies Bill. Additionally, 58 new positions will be created, and regional offices will be established in New Delhi, Mumbai, Hyderabad, Chennai, Kolkata, and Ahmedabad to improve oversight and prosecution capabilities.