Cases under Serious Fraud Investigation Office
Serious Fraud Investigation Office (SFIO) has handled 70 cases since its creation. Company-wise list of these 70 cases along with their status is given below. In reply to an unstarred question in the Lok Sabha today, Minister of Corporate Affairs, Shri Salman Khurshid said that generally, the cases referred to the SFIO for investigation are characterized by having substantial involvement of public interest either in terms of monetary misappropriation or in terms of persons affected, and are complex and having inter-departmental and multi-disciplinary ramifications. However, the exact amount of funds in each investigation has not been quantified.
Investigation cases handled by SFIO since its inception and their present status:
|
S/No. |
Name of Company |
Present status of investigation |
|
1. |
Daewoo Motors India Ltd. |
Complete, prosecutions filed |
|
2. |
DSQ Software Ltd |
Complete, prosecutions filed |
|
3. |
Design Auto Systems Ltd. |
Complete, prosecutions filed |
|
4. |
Bonanza Biotech Ltd. |
Complete, prosecutions filed |
|
5. |
Vatsa Corporation Ltd. |
Complete, prosecutions filed |
|
6. |
Triumph International Finance India Ltd |
Complete, prosecutions filed |
|
7. |
N H Securities Ltd |
Complete, prosecutions filed |
|
8. |
K N P Securities Pvt Ltd |
Complete, prosecutions filed |
|
9. |
V N Parekh Securities Pvt Ltd |
Complete, prosecutions filed |
|
10. |
Panther Fincap and Management Services Ltd. |
Complete, prosecutions filed |
|
11. |
Pather Investrade Ltd |
Complete, prosecutions filed |
|
12. |
Panther Industrial Products Ltd. |
Complete, prosecutions filed |
|
13. |
Triumph Securities Pvt Ltd. |
Complete, prosecutions filed |
|
14. |
Luminant Investrade Pvt Ltd. |
Complete, prosecutions filed |
|
15 |
Classic Credit Ltd |
Complete, prosecutions filed |
|
16. |
Saimangal Investrade Ltd. |
Complete, prosecutions filed |
|
17. |
Classic Shares and Stock Broking Services Ltd |
Complete, prosecutions filed |
|
18 |
Goldfish Computers Pvt Ltd. |
Complete, prosecutions filed |
|
19. |
Nakshatra Software Pvt Ltd. |
Complete, prosecutions filed |
|
20. |
Chitrakoot Computers Pvt Ltd. |
Complete, prosecutions filed |
|
21. |
Manmandir Estate Development Pvt Ltd. |
Complete, prosecutions filed |
|
22. |
Mardia Chemicals Ltd. |
Complete, prosecutions filed |
|
23. |
Soundcraft Industries Ltd |
Complete, prosecutions filed |
|
24. |
Adam Comsof Ltd. |
Complete, prosecutions filed |
|
25. |
Kolar Biotech Ltd |
Complete, prosecutions filed |
|
26. |
Usha India Ltd |
Complete, prosecutions filed |
|
27. |
Malvika Steel Ltd |
Complete, prosecutions filed |
|
28. |
Koshika Telecom Ltd |
Complete, prosecutions filed |
|
29. |
Information Tech of India Ltd. |
Under progress |
|
30 |
Shonkh Technologies International Limited |
Complete, prosecution filed |
|
31 |
Shonkh Technologies Ltd |
Complete, prosecution filed |
|
32 |
Morepan Laboratories Ltd |
Complete, prosecution filed |
|
33 |
JVG Industries Limited |
Report submitted, prosecutions yet to be filed |
|
34 |
JVG Publication Limited |
Report submitted, prosecutions yet to be filed |
|
35 |
JVG Hotels Limited |
Report submitted, prosecutions yet to be filed |
|
36 |
JVG Steels Limited |
Report submitted, prosecutions yet to be filed |
|
37 |
JVG Techno India Limited |
Report submitted, prosecutions yet to be filed |
|
38 |
JVG Holdings Limited |
Report submitted, prosecutions yet to be filed |
|
39 |
JVG Farm Fresh Limited |
Report submitted, prosecutions yet to be filed |
|
40 |
JVG Housing Finance Ltd |
Report submitted, prosecutions yet to be filed |
|
41 |
JVG Overseas Limited |
Report submitted, prosecutions yet to be filed |
|
42 |
JVG Finance Ltd |
Under progress |
|
43 |
JVG Leasing Limited |
Report submitted, prosecutions yet to be filed |
|
44 |
JVG Securities Ltd |
Report submitted, prosecutions yet to be filed |
|
45 |
JVG Departmental Stores Ltd. |
Report submitted, prosecutions yet to be filed |
|
46 |
SHCIL Services Ltd |
Complete, instructions issued to file prosecutions |
|
47 |
Systems America (India) Ltd |
Under progress |
|
48 |
Krishi Export Commercial Corporation Ltd |
Report submitted, prosecutions yet to be filed |
|
49 |
Leafin India Ltd |
Report submitted, prosecutions yet to be filed |
|
50 |
AVI Telecom Ltd |
Under progress |
|
51 |
AVI Petroleum Ltd |
Under progress |
|
52 |
AVI Packaging (India) Ltd. |
Under progress |
|
53 |
A&R Oil Mills Ltd. |
Under progress |
|
54 |
Rishi Spinners Ltd. |
Under progress |
|
55 |
Rishi Financial Services Ltd. |
Under progress |
|
56 |
Rishi Oil & Fats Ltd (in Liqn) |
Under progress |
|
57 |
AVI Shoes Ltd (in Liqn) |
Under progress |
|
58 |
Zenet Software Ltd |
Under progress |
|
59 |
Sugandh Estate & Investments Pvt Ltd. |
Under progress |
|
60 |
Amathi Investments Ltd. |
Under progress |
|
61 |
Welvet Financial Advisors Pvt Ltd. |
Under progress |
|
62 |
PSG Developers & Engineers Ltd. |
Under progress |
|
63 |
Nicco UCO Alliance Credit Ltd. |
Under progress |
|
64 |
Kuber Mutual Benefits Ltd |
Under progress |
|
65 |
Elder Pharmaceuticals Ltd |
Report submitted, prosecutions yet to be filed |
|
66 |
Satyam Computer Services Ltd. |
Report submitted, instructions issued for filing prosecutions on pure company law violations. |
|
67 |
Megacity (Bangalore) Developers & Bldgs Ltd. |
Under progress |
|
68 |
AVI Industries Ltd (in Liqn) |
Under progress |
|
69 |
Sesa Goa Ltd |
Under progress |
|
70 |
Sesa Industries Ltd. |
Under progress |
Shri Salman Khurshid informed the House that a sum of Rs. 17,52,42,000/- has been spent to run SFIO since its creation till October, 2009.
