Posts in tag

bank fraud


Serious Fraud Investigation Office

SFIO is a multi-disciplinary organization under Ministry of Corporate Affairs, comprising of experts in the field of accountancy, forensic auditing, law, information technology, investigation, company law, capital market and taxation for detecting and prosecuting or recommending for prosecution white-collar crimes/frauds. ¬†SFIO has a main office in New Delhi and regional offices in Maharashtra, Andhra Pradesh, …

Sterling Biotech Fraud

In October 2017, the CBI had said that Sterling Biotech Company had taken loans of over Rs 5,000 crore from a consortium led by Andhra Bank which has turned into non-performing assets. The FIR has proved that the total pending dues of the group companies were Rs 5,383 crore as on December 31, 2016. The …