Latest News on Sfio
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Sfio - Total results - 70
Dec 21, 2018
Govt moves NCLT to reopen IL&FS group balance-sheets; court seeks views of statutory bodies, regulatorsThis is the first time that government has invoked the powers under Section 130 0f the new Companies Act of 2013 to reopen ledgers of a company.
Dec 14, 2018
Serious Fraud Investigation Office yet to submit report on Nirav Modi, Mehul Choksi in PNB scamA multi-agency probe is already underway into the PNB fraud, which was mainly perpetrated by way of fraudulent Letters of Undertaking (LoUs).
Oct 30, 2018
Chartered accountants' body indicates not receiving information from SFIO, various agencies on IL&FS crisisThe Institute of Chartered Accountants of India (ICAI) has constituted a nine-member panel to study the systemic issues in the IL&FS crisis, amidst the government stepping up efforts to address problems related to the case.
Oct 25, 2018
After IDBI, it's now IL&FS: Who will bailout LIC from embracing risky businesses it doesn’t understand?Array
Oct 05, 2018
ICICI Bank-Videocon loan controversy: SFIO, CBI have not yet summoned Chanda Kochhar, husband Deepak, says reportIn March, the CBI had registered a preliminary investigation into Rs 3,250-crore loan ICICI Bank had extended to Videocon in 2012 and the possible role of Deepak Kochhar, days after a conflict of interest was alleged over the bank’s loans to Videocon group.
Oct 03, 2018
IL&FS crisis: How did the auditors, rating agencies remain silent spectators even as the ship was sinkingIt is the auditor whose role always comes into question when a scam or mismanagement unfolds like it has happened with IL&FS
Aug 29, 2018
Delhi High Court grants bail to Bhushan Steel ex-promoter Neeraj Singal; was arrested for $20 billion fraudThe Delhi High Court on Wednesday granted interim relief to Bhushan Steel's erstwhile promoter Neeraj Singal, arrested by the SFIO for allegedly siphoning off Rs 20 billion funds, by directing his release on bail
Aug 22, 2018
NPA crisis: Finance ministry asks public sector bank CEOs to check frauds in bad loans or face penal actionThis missive comes in the light of the arrest of Bhushan Steel's erstwhile promoter Neeraj Singal by the Serious Fraud Investigation Office (SFIO) for allegedly siphoning off funds.
Aug 10, 2018
Bhushan Steel case: SFIO arrests former promoter and vice chairman Neeraj Singhal for fund diversionBhushan Steel is one of the 12 big cases that had been referred for insolvency resolution by banks.
Aug 03, 2018
Govt orders probe into alleged corporate governance lapses; 13 cases referred to serious fraud investigatorCorporate affairs minister Piyush Goyal claims corporate governance standards at public sector banks (PSBs) are much better than before.