Pitching for “more teeth” for the Serious Fraud Investigation Office (SFIO), his ministry’s investigating arm, new Corporate Affairs Minister Salman Khursheed today said if it had all the powers, possibly the CBI may not have been required to investigate the mega scam in Satyam Computer.
“My opinion is that if you have the SFIO, it should have more teeth,” Khursheed said in his first interview after taking charge of the ministry, which has been in the news for issues ranging from the new Companies Bill, corporate governance and the financial scam in Satyam involving about Rs 10,000 crore.
However, he was quick to add that though it is desirable that the SFIO should have more teeth, there is no case for duplicating the work.
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