Serious Fraud Investigation Office

Sahara group fraud: SFIO probe into Sahara group companies ongoing, says FM Sitharaman

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Sahara group fraud: SFIO probe into Sahara group companies ongoing, says FM Sitharaman

The Serious Fraud Investigation Office (SFIO) is carrying out a detailed probe into the matter related to the Sahara group companies and further action will be taken after its report, Union Finance Minister Nirmala Sitharaman said in the Lok Sabha on Monday. To a query on why all investors of the Sahara group companies have … Read more

money laundering: Bombay High Court grants bail to IFIN chief executive Ramesh Bawa

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money laundering: Bombay High Court grants bail to IFIN chief executive Ramesh Bawa

Mumbai: The Bombay High Court (HC) on Tuesday granted bail to IFIN managing director and chief executive officer Ramesh Bawa on Tuesday. While the Serious Fraud Investigation Office (SFIO) is probing Il&FS for alleged irregularities under Companies Law, the Enforcement Directorate (ED) is investigating a case of money laundering. K Ramanand, the erstwhile MD of … Read more