Adarsh Coop scam accused says used loan to buy Rs 225 cr fabric
The Serious Fraud Investigation Office (SFIO) revealed in its report that the Ahmedabad-based Adarsh Credit Cooperative Society had purchased fabric worth Rs 225 crore for suits. The SFIO is probing into the alleged Rs 9000 crore scandal, involving the Ahmedabad-based cooperative society controlled by Mukesh Modi and his family.
SFIO to probe fund diversion at CG Power
“The probe had found certain instances of funds being transferred to the promoter's company. When Th...
Bankers may reject DHFL revival plan over SFIO probe
SFIO ordered probe after a KPMG forensic audit highlighted likely cases of fund diversio...
Government orders SFIO probe against crisis-hit DHFL
Dewan Housing Finance Ltd (DHFL) came under the scanner in the wake of allegations that the company had siphoned off Rs 31,000 crore worth bank loans through layers of shell entities. DHFL, the third largest mortgage lender in the country, had sought a Rs 15,000-crore lifeline from the lenders as they finalise the resolution plan.
Government likely to order SFIO probe into DHFL financial irregularities
The central government may order an SFIO probe on financial irregularities at DHFL. The RoC has said after submitting its report on DHFL to MCA that There is good enough reason to refer the matter of DHFL to SFIO.
SFIO hands over papers to Bhushan Steel ex-promoters
The documents were handed over in pen drives to former Bhushan Steel chairman Brij Bhushan Singal, his son and former managing director.
SFIO asks India’s top law firms to disclose all information related to IL&FS
SFIO demands info for the past 10 years from top law firms who have reached out to IL&FS for its consent.
SFIO asks rating companies to share info on fees given by IL&FS
The Securities and Exchange Board of India and the Enforcement Directorate are among other entities probing the rating companies in the IL&FS case.
Ex-chairman of Bhushan Steel should go to trial court for bail: SFIO to HC
Brij Bhushan Singal and his son Neeraj Singal are accused of siphoning off Bhushan Steel Ltd funds.
Government moves NCLAT against NCLT orders directing probe into cos' affairs by SFIO
In a petition moved before the NCLAT, the SFIO submitted that it being a statutory investigative office can direct to investigate into the affairs of the companies only by the Ministry of Corporate Affairs (MCA).
SFIO in HC against CIC order to disclose details of criminal cases against Daewoo Motors
SFIO and MCA have sought quashing of the CIC's November 8.
Former Jet Airways promoter under SFIO radar; shares down 86% YTD
The grounded airline has defaulted on loans of over Rs 8,000 crore.
Court takes note of SFIO charge-sheet against 287 in Bhushan Steel case
The chargesheet cites fund diversion of Rs 45,818 crore, wrongful loss to banks and financial institutions of Rs 20,879 crore and wrongful gains by the company’s ex-promoters of Rs 3,500 crore.
Jet Air's RPTs under scanner; SFIO suspects firm of siphoning funds
SFIO probe would also involve checking whether the third party transactions (TPTs) were done at higher than market value.
SFIO likely to probe third party contracts by JetAirways
SFIO to probe third party contracts by JetAirways? ET NOW's Uttkarsh with more details. Listen in!SFIO likely to probe third party contracts...
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