https://www.taxtmi.com/news?id=16122 The Government directed the Serious Fraud Investigation Office (SFIO) to investigate 187 companies following complaints of alleged fund-collection through MLM/ponzi activities, with individual probe statuses recorded as completed or under progress. To strengthen enforcement and investor protection, measures include the introduction of fraud as a substantive offence in the Companies Act, statutory status for the SFIO, stricter corporate governance norms, and increased use of data analysis and forensic tools for early identification of suspected frauds. en-us Wed, 04 May 2016 09:55:07 +0530 Wed, 04 May 2016 09:55:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16122 The Government directed the Serious Fraud Investigation Office (SFIO) to investigate 187 companies following complaints of alleged fund-collection through MLM/ponzi activities, with individual probe statuses recorded as completed or under progress. To strengthen enforcement and investor protection, measures include the introduction of fraud as a substantive offence in the Companies Act, statutory status for the SFIO, stricter corporate governance norms, and increased use of data analysis and forensic tools for early identification of suspected frauds. News - Wed, 04 May 2016 09:55:07 +0530 https://www.taxtmi.com/news?id=16122