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.

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Category : Income Tax (25548)
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0 responses to “Company wise list of 70 cases handled by SFIO with Present status of investigation”

  1. PREM KUMAR says:

    pl.give me the latest of position of JVG Investment and JVG leasing ltd. beacase I have invemest Rs.20,000/- in the year of 1996 and 1997 in his office Ludhiana R.O.,but no money has been return to me.

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