Serious Fraud-investigation-office

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Serious Fraud-investigation-office - Total results - 60
SFIO makes arrests in Rs 6,500 cr worth accounting fraud at Rotomac, Frost International
Business

SFIO makes arrests in Rs 6,500 cr worth accounting fraud at Rotomac, Frost International

The Serious Fraud Investigation Office (SFIO) has arrested at least three individuals in connection with alleged accounting fraud worth Rs 6,500 crore at Rotomac group of companies and Frost International Ltd, according to official sources

SFIO begins probe into alleged irregularities at CG Power and Industrial Solutions, 15 group firms
Business

SFIO begins probe into alleged irregularities at CG Power and Industrial Solutions, 15 group firms

The Serious Fraud Investigation Office (SFIO) has started probe into the alleged irregularities at CG Power and Industrial Solutions Ltd and its 15 group companies

Govt orders SFIO probe against crisis-hit DHFL after finding instances of suspected fund diversions
Business

Govt orders SFIO probe against crisis-hit DHFL after finding instances of suspected fund diversions

The government has ordered an SFIO probe into alleged financial irregularities at mortgage lender DHFL after finding instances of suspected fund diversions, according to a source

DHFL crisis deepens: Govt likely to order SFIO probe into mortgage firm's financial irregularties
Business

DHFL crisis deepens: Govt likely to order SFIO probe into mortgage firm's financial irregularties

The government is likely to order an SFIO probe on the financial irregularities at troubled mortgage firm DHFL soon, an official said

Religare fraud case: Delhi court grants 4-day custodial interrogation of Singh brothers, 3 others
Business

Religare fraud case: Delhi court grants 4-day custodial interrogation of Singh brothers, 3 others

Former Fortis Healthcare promoters Malvinder Singh, his brother Shivinder Mohan Singh and three others, arrested for allegedly misappropriating funds of Religare Finvest Ltd (RFL) and causing it losses of Rs 2,397 crore, were produced before a Delhi court on Friday

Supreme Court sets aside Delhi HC order granting bail to ex-CFO of Bhushan Steel
Business

Supreme Court sets aside Delhi HC order granting bail to ex-CFO of Bhushan Steel

Johari was arrested by the SFIO on May 2 for alleged fraudulent activities, including filing false documents with various banks

Jet Airways crisis: Govt orders SFIO probe into alleged mismanagement of funds, summons Naresh Goyal for questioning
Business

Jet Airways crisis: Govt orders SFIO probe into alleged mismanagement of funds, summons Naresh Goyal for questioning

The SFIO order refers to alleged siphoning of funds and unspecified financial irregularities at Jet Airways

IL&FS scam: Govt alleges 22 auditing standards violations by Deloitte, KPMG arm; companies deny wrongdoing
Business

IL&FS scam: Govt alleges 22 auditing standards violations by Deloitte, KPMG arm; companies deny wrongdoing

India detected at least 22 violations of auditing standards by Deloitte Haskins & Sells and a KPMG affiliate while investigating a fraud at a financial company, leading it to seek a five-year ban on the auditors, according to government legal filings seen by Reuters

IL&FS probe: Ex-CEO of subsidiary helped leading rating agency official buy duplex villa worth crores at discount
Business

IL&FS probe: Ex-CEO of subsidiary helped leading rating agency official buy duplex villa worth crores at discount

The probe by the government's white-collar crime probe agency SFIO has already unearthed connivance of auditors and independent directors with the then top management of IFIN

IL&FS may file contempt case against nine banks for unauthorised withdrawals of about Rs 800 cr from firm's escrow accounts
Business

IL&FS may file contempt case against nine banks for unauthorised withdrawals of about Rs 800 cr from firm's escrow accounts

The banks made “unauthorised auto-deduction from IL&FS escrow accounts” in the last six months towards debt recovery

IL&FS case: Former top brass got foreign trips, private jets, chopper ride in return for faster loans, reveals SFIO probe
Business

IL&FS case: Former top brass got foreign trips, private jets, chopper ride in return for faster loans, reveals SFIO probe

Foreign trips, private jet travels, chopper riders and interior decoration at houses aboard -- the probe into the IL&FS saga has unearthed many such inducements that the top brass allegedly got from borrowers in return for faster loans and delayed recoveries

Reserve Bank's timely intervention could have helped detect crisis at IL&FS earlier, says SFIO
Business

Reserve Bank's timely intervention could have helped detect crisis at IL&FS earlier, says SFIO

IL&FS subsidiary IFIN was allowed to continue operations despite adverse RBI inspection reports

IL&FS crisis: SFIO identifies top management, auditors and independent directors of IFIN involved in fraud case
Business

IL&FS crisis: SFIO identifies top management, auditors and independent directors of IFIN involved in fraud case

The SFIO is also collecting details about all borrowings by IFIN from banks and through market instruments, as also about the role of banks and their officials and of credit rating agencies.

IL&FS crisis: Debt-laden firm closes 45 entities accused of round-tripping funds, halves workforce to 8,000
Business

IL&FS crisis: Debt-laden firm closes 45 entities accused of round-tripping funds, halves workforce to 8,000

The exercise to close these companies was also an attempt to simplify the complex structure at IL&FS

SEBI asks Fortis Healthcare, Fortis Hospitals to recover Rs 403 crore from Singh brothers, seven others
India

SEBI asks Fortis Healthcare, Fortis Hospitals to recover Rs 403 crore from Singh brothers, seven others

The fresh order comes after the two companies made representation to the markets regulator.

Serious Fraud Investigation Office yet to submit report on Nirav Modi, Mehul Choksi in PNB scam
Business

Serious Fraud Investigation Office yet to submit report on Nirav Modi, Mehul Choksi in PNB scam

A multi-agency probe is already underway into the PNB fraud, which was mainly perpetrated by way of fraudulent Letters of Undertaking (LoUs).

Serious Fraud Investigation Office receives complaints against ICICI Bank, L&T: Govt informs Rajya Sabha
Business

Serious Fraud Investigation Office receives complaints against ICICI Bank, L&T: Govt informs Rajya Sabha

However, the minister has not provided details of the complaints about ICICI and L&T

Fortis shares end positive as firm moves to recover Rs 500 cr from Singh brothers
Business

Fortis shares end positive as firm moves to recover Rs 500 cr from Singh brothers

Fortis today reported widening of its consolidated net loss to Rs 914.32 crore for the fourth quarter ended March 2018, mainly on account of continuing business challenges.

Fortis Healthcare says 'systemic lapses' found in inter-corporate borrowings; findings submitted to SEBI and SFIO
Business

Fortis Healthcare says 'systemic lapses' found in inter-corporate borrowings; findings submitted to SEBI and SFIO

The company has initiated legal action for recovery of these outstanding ICDs and other advances, Fortis Healthcare said

Fortis Healthcare defers approval of quarterly and annual financial results again, board meeting to reconvene today
Business

Fortis Healthcare defers approval of quarterly and annual financial results again, board meeting to reconvene today

Fortis Healthcare has again deferred approval of quarterly and annual financial results for the period ended March 31, 2018