Business Standard

SFIO to probe Sesa Goa accounts

BS Reporter 

The Serious Fraud Investigation Office (SFIO) has initiated an inquiry into Vedanta group company Sesa Goa. The scope includes verifying the past eight years’ financials, said a government official. “The investigation period also includes the time after Vedanta acquired in April 2007. The movement of the share prices will be checked as part of the investigation,” said the official.

When asked, Sesa Goa Managing Director said: “We are not aware of any such order and can comment only once we receive any information in this regard.”

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SFIO to probe Sesa Goa accounts

The Serious Fraud Investigation Office (SFIO) has initiated an inquiry into Vedanta group company Sesa Goa. The scope includes verifying the past eight years’ financials, said a government official. “The investigation period also includes the time after Vedanta acquired Sesa Goa in April 2007. The movement of the share prices will be checked as part of the investigation,” said the official.

The Serious Fraud Investigation Office (SFIO) has initiated an inquiry into Vedanta group company Sesa Goa. The scope includes verifying the past eight years’ financials, said a government official. “The investigation period also includes the time after Vedanta acquired in April 2007. The movement of the share prices will be checked as part of the investigation,” said the official.

When asked, Sesa Goa Managing Director said: “We are not aware of any such order and can comment only once we receive any information in this regard.”

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