Investigating the Frauds Committed by the Companies

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....nvestigating the Frauds Committed by the Companies <br>News and Press Release<br>Dated:- 14-12-2012<br><BR>Press Information Bureau Government of India Ministry of Corporate Affairs 13-December-201....

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....2 19:32 IST The Ministry of Corporate Affairs has established Serious Fraud Investigation Office (SFIO) to investigate frauds committed by the companies. During last 4 years (2008-2009, 2009-10, 2010....

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....-11, 2011-12 and till date) 83 companies were ordered for investigation by SFIO. Giving this information in written reply to a question in the Lok Sabha today, Shri Sachin Pilot, Minister of Corporate....

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.... Affairs, said that the Government is intending to bring stringent legislation through Companies Bill, 2011 by providing adequate provisions and measures to ensure that companies raise money in a more....

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.... transparent and accountable manner and also propose to grant statutory recognition to SFIO and to increase its powers to curb frauds. ------------------------ KKP<BR> News - Press release - PIB....