Cases under Serious Fraud Investigation Office

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.