(a) the number of cases of corporate crimes disposed of so far by
the Serious Fraud Investigation Office (SFIO) since its inception, company-wise;
(b) the amount of money involved therein in each of these cases; and
(c) the status of each of such cases?
THE MINISTER OF STATE (INDEPENDENT CHARGE) IN THE MINISTRY OF CORPORATE
AFFAIRS (SHRI SACHIN PILOT)
(a) Since inception, SFIO has been entrusted with 133 cases by the Ministry of
Corporate Affairs for investigation. Out of these cases, investigation in 95
cases has been completed and reports submitted to the Government, while 4 cases
have been stayed/ quashed by the Courts and the remaining 34 cases are presently
under investigation.
(b) & (c) Violations of various provisions of the Companies Act, 1956 and various
offences involving criminal breach of trust, cheating, falsifications etc. under
the Indian Penal Code have been reported by SFIO in many cases. Prosecutions in
991 cases were launched (110 under Indian Penal Code and 881 under Companies Act).
Of these, conviction was ordered by the respective Courts in 39 cases relating to
violations under the Companies Act, 1956. Three complaints were quashed on the
ground of double jeopardy as similar complaints were filed by the Registrar of
Companies, Karnataka and the remaining cases are under different stages of progress
in the competent Courts.