https://www.taxtmi.com/news?id=25139 SFIO arrested a promoter-shareholder, a promoter's relative, and the statutory auditor under Section 212(8) of the Companies Act, 2013, after material suggested they committed serious corporate fraud under Section 447 by falsifying financial statements, inflating stock positions, inducing public banks to lend, and diverting borrowed funds; the accused were produced before a competent court and remanded to SFIO custody while the investigation continues. en-us Sat, 26 Feb 2022 10:03:00 +0530 Sat, 26 Feb 2022 10:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=25139 SFIO arrested a promoter-shareholder, a promoter's relative, and the statutory auditor under Section 212(8) of the Companies Act, 2013, after material suggested they committed serious corporate fraud under Section 447 by falsifying financial statements, inflating stock positions, inducing public banks to lend, and diverting borrowed funds; the accused were produced before a competent court and remanded to SFIO custody while the investigation continues. News - Sat, 26 Feb 2022 10:03:00 +0530 https://www.taxtmi.com/news?id=25139