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UNCOVERED: Sfio - The Untold Story

India's Serious Fraud Office recommends 'detailed' probe into Xiaomi's business in country

India's Serious Fraud Office proposed investigating Xiaomi for alleged business irregularities. The probe would examine fund movements and foreign investment law compliance. This comes amid Xiaomi's ongoing tax and royalty payment disputes in India. The company stated it has not received any official notice from the SFIO. An investigation could…

The Economic Times

NCLAT upholds SFIO's power to seek disgorgement of assets in IL&FS-linked case

NCLAT has dismissed appeals by audit firm BSR & Associates LLP and former partner N Sampath Ganesh, upholding SFIO’s authority to pursue asset attachment and disgorgement proceedings in the IL&FS Securities Services Ltd (ISSL) case.

The Economic Times

ED questions CMRL Joint MD again in CMRL-Exalogic money laundering probe

The Enforcement Directorate (ED) has questioned Sharan S Kartha, Joint Managing Director of CMRL, for the second time in a money laundering probe. The investigation centers on alleged financial transactions between CMRL and Exalogic Solutions Pvt Ltd, owned by former Kerala CM Pinarayi Vijayan's daughter, Veena T. The ED is…

The Economic Times

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Ex-Kerala CM's daughter appears before ED in PMLA case for second time

Veena T, daughter of former Kerala CM Pinarayi Vijayan, faced a second round of questioning by the Enforcement Directorate (ED) in Kochi regarding a money laundering case. The probe centers on allegations that her firm, Exalogic Solutions, received Rs 2.78 crore from CMRL without providing services. The ED is investigating…

The Economic Times

ED summons former Kerala CM's daughter again in CMRL money laundering case

The Enforcement Directorate has summoned Pinarayi Vijayan's daughter, Veena T, for a second round of questioning on June 29 regarding a money laundering case. The probe centers on alleged payments of Rs 2.78 crore from mining firm CMRL to Veena's defunct IT company, Exalogic Solutions, without services rendered. ED sources…

The Economic Times

Court allows ED access to SFIO documents in CMRL-Exalogic money laundering case

A court has granted the Enforcement Directorate access to documents from the Serious Fraud Investigation Office. These documents are crucial for a money laundering investigation involving CMRL and Veena T. The ED is examining transactions that could be proceeds of crime.

The Economic Times

PIL in Supreme Court alleges Rs 1,500 cr banking fraud, seeks court-monitored probe

A PIL has been filed in the Supreme Court. It seeks a court-monitored investigation into alleged banking frauds. The case involves asset reconstruction companies, public sector banks, and a Noida-based infrastructure firm. The plea highlights a forensic audit report. This report identified suspicious transactions related to a Rs 912 crore…

The Economic Times

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NCLAT says NCLT cannot directly order SFIO Probe; refers matter to Centre

The National Company Law Appellate Tribunal (NCLAT) has held that the National Company Law Tribunal (NCLT) could not directly order an investigation by the Serious Fraud Investigation Office (SFIO) and clarified that such power rests with the Central Government under the Companies Act.

The Economic Times

Lionel Jospin obituary

Socialist prime minister of France whose defeat by the far right in the 2002 presidential elections caused a seismic shock

The Guardian - UK

Govindan ‘thanks’ Kuzhalnadan for getting a court to clear CM and family of graft charges

CPI(M) State Secretary M.V. Govindan said Congress legislator Mathew Kuzhalnadan had unwittingly offered the LDF government an early and welcome opportunity to clear its name by getting rapped by an anti-corruption court for moving a baseless and politically motivated false complaint of corruption and nepotism against Chief Minister Pinarayi Vijayan…

The Hindu

New Tirupur Area Development Corporation and IL&FS spat reaches Registrar of Companies

Chennai dispute between NTADCL and IL&FS over debt repayment reaches RoC Coimbatore amid allegations and investigations.

The Hindu

KSIDC cannot absolve itself of responsibility for pay outs by CMRL: HC

Kerala High Court criticizes KSIDC for not investigating alleged financial transactions involving CMRL and Exalogic Solutions.

The Hindu

HC asks whether KSIDC was aware of the controversial deals of CMRL

Kerala High Court questions KSIDC's knowledge of controversial spending by CMRL under SFIO investigation. Case posted for March 12.

The Hindu

Congress MLA Kuzhalnadan accuses Kerala CM of mining lease corruption, dilution of land reforms Act to benefit CMRL

Congress legislator Mathew Kuzhalnadan has sought to put LDF government in Kerala in the dock for big-ticket corruption by accusing Chief Minister Pinarayi Vijayan of permitting a Kochi-based mining firm to quarry mineral-rich sand at “throwaway prices” from the expansive backwater channel leading to the spillway at Thottapally in Alappuzha…

The Hindu

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The Hindu

Public interest involved in SFIO probe against KSIDC, says ROC

The Registrar of Companies in Kochi opposes the plea of KSIDC, stating that public interest is involved in the SFIO investigation.

The Hindu

Illegal payments to political functionaries by Kochi-based CMRL necessitated SFIO probe, Centre tells Karnataka HC

Bengaluru: ₹135 crore illegal payments to political functionaries and entities prompt SFIO probe, challenged by Exalogic Solutions.

The Hindu

No coercive steps against Veena, SFIO informs Karnataka High Court

The Karnataka High Court directs SFIO not to take coercive steps against Kerala CM's daughter in fraud investigation.

The Hindu

Kerala CM’s daughter terms SFIO probe against her firm ‘illegal’ and violative of principles of natural justice

T. Veena, the daughter of Kerala Chief Minister Pinarayi Vijayan, has challenged the Serious Fraud Investigation Office (SFIO) probe against her IT firm Exalogic Solutions Private Limited

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Dynamite News

SFIO starts probe against Kerala CM's daughter's firm; inspects CMRL's Aluva office

FIO (Serious Fraud Investigation Office) officials have started the probe into the alleged payments made by Cochin Minerals and Rutiles Ltd (CMRL) to Chief Minister Pinarayi Vijayan's daughter. Read further on Dynamite News:

The Hindu

CMRL pay-off case: SFIO begins probe, inspects Aluva office

A team of officials representing the Serious Fraud Investigation Office (SIFO) under the Ministry of Corporate Affairs carried out an inspection at the corporate office of the Cochin Minerals and Rutiles Ltd (CMRL) at Aluva in Ernakulam district of Kerala on February 5 (Monday) as part of its probe into…

The Hindu

Kerala Assembly | UDF boycotts House proceedings after Speaker disallows adjournment notice on SFIO probe into IT firm headed by Chief Minister’s daughter

The Congress-led UDF boycotted Kerala Assembly proceedings on Friday after Speaker A.N. Shamseer sternly declined to entertain the Opposition’s adjournment notice seeking the leave of the House to debate a SFIO enquiry against the now-dormant IT company owned by Chief Minister Pinarayi Vijayan’s daughter, T. Veena

The Hindu

Congress demands white paper on Chinese man who swindled crores from Gujaratis using a fake betting app

The Congress targeted the Centre over an alleged scam involving a Chinese national claiming that he “duped” 1,200 people in Gujarat of ₹1,400 crore using a betting app

The Hindu

Economic offences are a modern threat to development of the country: Madras High Court

Observing that economic offences were a modern threat to the development of the country, the Madras High Court has refused to allow businessman ‘Aircel’ C. Sivasankaran to visit Seychelles as well as France as he was facing multiple cases that were being investigated by the Central Bureau of Investigation (CBI),…

The Hindu

ED searches premises of former auditors of IL&FS

The Enforcement Directorate carried out searches against two former auditor firms of Infrastructure Leasing and Financial Services Limited.

The Hindu

One arrested in crackdown on Chinese shell firms

Person claiming to be HP resident was ‘mastermind’ behind multiple such firms and their ‘dummy directors’

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