SFIO Probe

The Supreme Court set aside a Delhi High Court order staying the Serious Fraud Investigation Office (SFIO) probe into nine companies related to the Sahara group

The high court had also stayed the operation and implementation of two orders of the SFIO for investigation into nine companies related to the Sahara Group

Satish Kumar Pawa, promoter and shareholder; Saurav Aggarwal, son of promoter; and Suhas S Paranjpe, statutory auditor; have been arrested by the probe agency

The Serious Fraud Investigation Office (SFIO) on Wednesday told the Supreme Court that it has prepared a report on irregularities in Unitech Ltd and has found some of its properties

Alleging irregularities, the Central Registrar of Cooperative Societies has sought a probe by the SFIO into investments made by four cooperatives associated with the Sahara group

Castex Tech started its resolution process in December 2017 with a debt of Rs 6,000 crore

CG Power board sacked Thapar after an audit report by Vaish Associates, which itself is based on as many as 23 disclaimers, claimed that Thapar swindled Rs 3,000 crore from CG Power.

MCA had previously asked its SFIO to probe the affairs of the company along with 15 other firms, including two subsidiaries CG Power Solutions Ltd and CG International BV

Investigation report has not gone into the involvement of banks and officials

He was interviewed on May 24 and July 29 by a partner of Vaish Associates, which was not at all mentioned in the law firm's interim investigation report on the alleged fraud at CG Power.

The probe agency has found that the company's vast network of sales agents across the globe was not independent of Jet Airways and several of these entities were linked to its founder, Naresh Goyal

Dewan Housing Finance Ltd came under the scanner in the wake of allegations that the company had siphoned off Rs 31,000 crore worth bank loans through layers of shell entities

Embroiled in multiple legal cases across jurisdictions, Malvinder Mohan Singh and his younger brother Shivinder Mohan Singh are in police custody following a complaint of fund siphoning

Three deputy directors, including two for investigation, and six senior assistant directors, three each for investigation, and customs and central excise are to be hired

Move comes after the government received various complaints of cheating of small investors