Recent Highlights
All Stories for Serious Fraud Investigation Office
DHFL crisis deepens: Govt likely to order SFIO probe into mortgage firm's financial irregularties
• 5 years agoThe 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
Fp Staff • 6 years agoFormer 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
• 6 years agoJohari 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
• 6 years agoThe 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
• 6 years agoIndia 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
• 6 years agoThe 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
Fp Staff • 6 years agoThe 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
• 6 years agoForeign 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
Fp Staff • 6 years agoIL&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
• 6 years agoThe 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.