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Ordered SFIO probe against 208 cos in 11 mts of FY'18: Govt

Press Trust of India  |  New Delhi 

The corporate affairs ministry has ordered SFIO probe against 208 companies for alleged in the first 11 months of the current financial year, P P said today.

The Serious Investigation Office (SFIO) -- white collar probe agency-- comes under the corporate affairs ministry.

Till February this year, the corporate affairs ministry has ordered investigations through SFIO into the affairs of 208 firms, the said in a written reply to Lok Sabha.

In comparison, a total of 111 companies were under the scanner of SFIO in the entire 2016-17, 184 in 2015-16 and 71 in 2014-15.

The SFIO continues to grapple with staff crunch with half of the sanctioned posts remaining vacant.

It has a total of 133 sanctioned positions. Out of these, only 66 positions are filled while the rest are vacant. In additional a total of 35 experts of various fields are presently engaged as consultants, said.

The agency is a multidisciplinary organisation having experts for prosecution of white collar crimes and frauds under the companies

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, March 09 2018. 14:55 IST
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