GOVERNMENT OF INDIA
Ministry of Corporate Affairs
UNSTARRED QUESTION NO. 1839
TO BE ANSWERED ON MONDAY, MARCH 15, 2010
Investigations by Serious Frauds Investigation Office (SFIO)
1839. SHRI RAJEEV CHANDRASEKHAR:
Will the Minister of CORPORATE AFFAIRS be pleased to state:
(a) the number of companies investigated and scrutinized by the Serious Frauds Investigation Office (SFIO), till date; and
(b) the number of companies, so far, convicted by SFIO?
THE MINISTER OF CORPORATE AFFAIRS
(SHRI SALMAN KHURSHID)
(a) The Serious Fraud Investigation Office (SFIO) has so far investigated cases relating to 49 companies.
(b) 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.