Investigations by the Serious Frauds Investigation Office (SFIO)

Last updated: 17 March 2010

Investigations by the Serious Frauds Investigation Office (SFIO)

The Government has informed the Parliament that the Serious Fraud Investigation Office (SFIO) has so far investigated cases relating to 49 companies. Giving this information in written reply to a question in Rajya Sabha, Shri Salman Khurshid, Minister for Corporate Affairs, said that the SFIO has no power to convict the companies as powers to convict are vested with the Courts only. SFIO files cases in the appropriate judicial court for penal action after investigation.


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