Expert Committee on Serious Fraud Investigation Office
The Government has said that the Expert Committee i.e. the Vepa Kamesam Committee constituted to examine the issues concerning Serious Fraud Investigation Office (SFIO) has submitted its report; and has made recommendations in respect of statutory, administrative and organizational changes for improving effectiveness and efficient discharge of duties by SFIO. Giving this information in written reply to a question in the Lok Sabha today, the Minsiter for Corporate Affairs, Shri Salman Khurshid told the House that necessary steps have been initiated to strengthen the SFIO by releasing additional 56 posts. As regards the legislative changes in respect of the definition of corporate frauds etc., necessary suggestions have been made to the Parliamentary Standing Committee on Finance for consideration as the Standing Committee is considering the Companies Bill, 2009.