Lok Sabha Question No. 565 (UNSTARRED), answered on 2018-07-20
Subject: Strengthening of SFIO
Ministry: CORPORATE AFFAIRS
Asked by: E. T. MOHAMMED BASHEER, KRUPAL BALAJI TUMANE

## GOVERNMENT OF INDIA LOK SABHA

## MINISTRY OF CORPORATE AFFAIRS UNSTARRED QUESTION NO. 565 ANSWERED ON FRIDAY, THE 20TH JULY, 2018 ASHADHA 29, 1940 (SAKA)

## STRENGTHENING OF SFIO QUESTION

565. SHRI E.T. MOHAMMED BASHEER:

SHRI KRUPAL BALAJI TUMANE:

Will the Minister of Corporate Affairs be pleased to state:

कॉरपोरेट कार्य मंत्री

- (a) the details of total approved post of employees and officials in Serious Fraud Investigation Office (SFIO) during the last three years and the current year;
- (b) whether there is an increase  in the white collar crimes of the violation of the companies Act during the last three years and the Government has taken help from SFIO and if so, the details thereof;
- (c) the number of cases initiated against the companies during the current year and the last three years and the progress made thereon;
- (d) whether there is an actual shortage of staff in SFIO and as a result thereof SFIO is unable to discharge its duties properly and if so, the details thereof alongwith the steps taken by the Government to fill up these vacancies; and
- (e) the  details  of  the  amount  sanctioned/allocated  to  SFIO  and  the  amount utilized by it during the said period?

## ANSWER

THE MINISTER OF STATE FOR

LAW & JUSTICE AND CORPORATE AFFAIRS

विवि एिं न् र्ार् औरकॉरपोरेटकार्य राज् र्मंत्री

(SHRI P.P. CHAUDHARY)

(श्रीपीपीचौिरी)

(a) : The details of the total sanctioned staff and officers posts in the Serious Fraud Investigation Office (SFIO) during the last three years and the current year are as under:-

| Financial Year         |   Total Posts |
|------------------------|---------------|
| 2015-16                |           132 |
| 2016-17                |           133 |
| 2017-18                |           133 |
| 2018-19 (current year) |           133 |

- (b) & (c): Government had assigned investigations into the affairs of following companies to SFIO during the last three years and the current years:-
- (d):    As  against  sanctioned  strength  of  133  posts,  59  officers/officials  are presently in position.  However, the shortfall is made good to some extent by engaging consultants on short-term contract basis.  Following steps have been taken to fill up the vacancies:-
- (i) With a view to build permanent cadre of SFIO, the Recruitment Rules (RRs) of various posts have been reviewed and notified.
- (ii) Constant efforts have been made to fill up vacant posts as per newly notified RRs.
- (e):  The budgetary details of SFIO for the past three years and the current year are as under:-

| Financial year         |   Total No. of companies for which investigation has been assigned to SFIO |   No. of Investigations completed by SFIO |
|------------------------|----------------------------------------------------------------------------|-------------------------------------------|
| 2015-16                |                                                                        184 |                                        60 |
| 2016-17                |                                                                        111 |                                        87 |
| 2017-18                |                                                                        225 |                                       132 |
| 2018-19 (current year) |                                                                        186 |                                        01 |

(Rupees in Crore)

| S.No.   | Year    | Amount Allocated     | Amount Allocated      | Actual Expenditure   |
|---------|---------|----------------------|-----------------------|----------------------|
|         |         | Budget Estimate (BE) | Revised Estimate (RE) |                      |
| 1.      | 2015-16 | Rs. 11.56            | Rs. 10.50             | Rs.10.18             |
| 2.      | 2016-17 | Rs. 13.50            | Rs. 15.18             | Rs.14.53             |
| 3.      | 2017-18 | Rs. 17.37            | Rs. 18.66             | Rs.14.84             |
| 4.      | 2018-19 | Rs. 62.22            | -                     | Rs. 4.71             |
|         |         |                      |                       | (upto 30.06.2018)    |

*****