Lok Sabha Question No. 3639 (UNSTARRED), answered on 2019-07-15
Subject: Vigilant System to Track Fraudulent Activities
Ministry: CORPORATE AFFAIRS
Asked by: P.R. Natarajan

## GOVERNMENT OF INDIA

## MINISTRY OF CORPORATE AFFAIRS

## LOK SABHA

## UNSTARRED QUESTION NO.  3639

ANSWERED ON MONDAY, THE 15 th  JULY, 2019/ ASHADHA 24, 1941 (SAKA)

## VIGILANT SYSTEM TO TRACK FRAUDULENT ACTIVITIES

## QUESTION

3639:  SHRI P. R. NATARAJAN:

Will the Minister of CORPORATE AFFAIRS be pleased to state:

कॉर्पोरे ट कार्य मंत्री

- (a) whether  the  Government  is  proposing  a  new  vigilance  system  to track the fraudulent activities of corporate companies across the country;
- (b) if so, the details thereof;
- (c) the details of number of companies identified indulging in fraudulent activities and the nature of fraud committed by them during each year of the past 4 years including the current year, year-wise and State-wise;
- (d) the action taken/to be taken against such fraudulent companies; and
- (e) if not, the reasons therefor?

## ANSWER

## THE MINISTER OF STATE FOR FINANCE AND CORPORATE AFFAIRS

वित्त एिं कॉर्पोरे ट कार्य मंत्रालर् में राज्य मंत्री

(SHRI ANURAG SINGH THAKUR)

( श्री अनुराग व ंह ठाक ु र )

- (a)  to  (b):  No  Sir,  however  the  Government  had  set  up  Serious  Fraud Investigation  Office  (SFIO)  to  deal  with  serious  frauds.  SFIO  has  been given  vast  powers  under  the  provisions  of  the  Companies  Act,  2013 including the power to arrest. Based on a well laid down process, cases that involve prima facie findings of fraud are referred to SFIO.
- (c) to (e) The details of the cases referred to SFIO in the last 4 years is as at Annexure 'A'.

*********

## Investigation cases handed over to SFIO from 2015-16 to 2019-20 (till date).

## 2015-16

|   No of Cos | Name of Company                                       | Name of the State   |
|-------------|-------------------------------------------------------|---------------------|
|           1 | Saradha Housing Pvt. Ltd.                             | West Bengal         |
|           2 | Ambujaatripuri Infra (India) Ltd. + 7                 | Orissa              |
|           3 | Kingfisher Airlines Ltd.                              | Karnataka           |
|           4 | Grand Vyapaar Pvt. Ltd. +5                            | Uttar Pradesh       |
|           5 | Msquare Prudent Multitrade Pvt. Ltd. +10              | Delhi               |
|           6 | Goldmine Food Products Ltd. + 7                       | West Bengal         |
|           7 | Samruddha Jeevan Foods Ltd.                           | Maharashtra         |
|           8 | Sai Prasad Foods Ltd. + 2                             | Maharashtra         |
|           9 | Utkarsha Plotters and Multi Agro Solutions India Ltd. | Maharashtra         |
|          10 | PGF Ltd. +1                                           | Chandigarh          |
|          11 | AMB Buildprop Private Limited + 5                     | Delhi               |
|          12 | Jeevan Suraksha Trading & Financials Ltd. +5          | Assam               |
|          13 | Shailraj Hotels Pvt. Ltd.                             | Delhi               |
|          14 | Rank Mercantile Private Ltd. + 1                      | Maharashtra         |
|          15 | Parul Polymers Private Limited                        | Delhi               |
|          16 | Helios & Matheson Information Technology Ltd.         | Karnataka           |
|          17 | Chakra Infrastructure Ltd. + 7                        | Karnataka           |
|          18 | Aarzoo Agritech Private Limited + 104                 | Delhi               |
|          19 | MPS Greenery Developers Ltd. + 7                      | West Bengal         |
|          20 | Sunair Hotels Limited                                 | Delhi               |
|          21 | Jagat Agro Commodities Pvt. Ltd.                      | Maharashtra         |
|          22 | Promotech Infratech Ltd.                              | West Bengal         |
|          23 | ABC Cotspin Pvt. Ltd.                                 | Gujarat             |

2016-17

|   1 | Century Communication Limited                              | Delhi       |
|-----|------------------------------------------------------------|-------------|
|   2 | Narangs International Hotels Pvt. Ltd.                     | Maharashtra |
|   3 | Bush Foods Overseas Pvt. Ltd.                              | Delhi       |
|   4 | Maitri Suvarnasiddhi Pvt. Ltd.                             | Karnataka   |
|   5 | Bhushan Steel Limited + 14                                 | Delhi       |
|   6 | Singhal Enterprises Pvt. Ltd.                              | West Bengal |
|   7 | Church of South India Trust Association                    | Tamil Nadu  |
|   8 | Winsome Diamonds & Jewellery Limited                       | Gujarat     |
|   9 | First Leasing Company of India Ltd. (In Liqn)              | Tamil Nadu  |
|  10 | Alps BPO Services Limited (In Liqn)                        | Gujarat     |
|  11 | Micro Technologies (India) Limited (in Liqn)               | Telangana   |
|  12 | Birla Power Solutions Ltd (in Liqn)                        | Maharashtra |
|  13 | IFCI Ltd                                                   | Delhi       |
|  14 | Coastal Projects Limited                                   | Orissa      |
|  15 | Goldmine Animal Husbandry Pvt. Ltd + 40                    | West Bengal |
|  16 | Ketan Parekh Group of Companies                            | Not Found   |
|  17 | Prayag Infotech Hi-Rise Ltd. + 21                          | West Bengal |
|  18 | Ultra Motors India Private Limited                         | Delhi       |
|  19 | Okara Agro Industries Limited and other group of Companies | Delhi       |
|  20 | Pearl Vision Private Limited + 9                           | Delhi       |
|  21 | Cartesian Computers Ltd. + 2                               | Gujarat     |
|  22 | Parul Polymers Private Limited                             | Delhi       |
|  23 | Ablaze Info Solutions Pvt. Ltd                             | Delhi       |
|  24 | URO Enclave India Ltd. (UROEIL)                            | West Bengal |
|  25 | Getit InfoservicesPrivate Limited (In Liqn.)               | Delhi       |

## 2017-18

|   No of Cos | Name of Company                                                                                 | Name of the State   |
|-------------|-------------------------------------------------------------------------------------------------|---------------------|
|           1 | Vigneshwara Developers Private Limited. +17                                                     | Delhi               |
|           2 | Safe and Secure Online Marketing pvt. Ltd.                                                      | Delhi               |
|           3 | Webwork Trade Links Private Limited + 04                                                        | Uttar Pradesh       |
|           4 | Greenray International Ltd. + 03                                                                | Orissa              |
|           5 | Waris Finance International Ltd. (Presently know as Waris Industries Ltd.) + 21                 | West Bengal         |
|           6 | Wellfare Buildings and Estates Private Limited.                                                 | West Bengal         |
|           7 | Assotech Ltd. (in Liqn).                                                                        | Delhi               |
|           8 | Kingfisher Training and Services Ltd. + 4                                                       | Karnataka           |
|           9 | Dreamline Manpower Solutions Private Ltd (now Nityank Infrapower & Multiventures Pvt. Ltd) + 17 | Andhra Pradesh      |
|          10 | Mangalam Homes (India) Private Limited + 1                                                      | Bihar               |
|          11 | Suraj Motors Pvt. Ltd. (u/s 216 r/w section 210 (1) ( c) of the Companies Act, 2013)            | Jammu and Kashmir   |
|          12 | Micro Leasing & Funding Limited                                                                 | Orissa              |
|          13 | Scriptacom BPO Systems (P) Limited (converted into scriptacom BPO Systems LLP on 22-12-2014     | Gujarat             |
|          14 | D S Kulkarni Developers Limited                                                                 | Maharashtra         |
|          15 | Religare Enterprises Limited                                                                    | Delhi               |
|          16 | Fortis Healthcare Limited                                                                       | Delhi               |
|          17 | Radashir Jewelry Company Private Limited + 113                                                  | Maharashtra         |
|          18 | Rotomac Global Private Limited + 10                                                             | Uttar Pradesh       |
|          19 | United India Insurance Company                                                                  | Tamil Nadu          |
|          20 | Heera Gold Exim Limited + 14                                                                    | Telangana           |
|          21 | Kohinoor Diamonds Private Limited                                                               | Gujarat             |

## 2018-19

|   1 | Sterling Biotech Limited                                                      | Maharashtra    |
|-----|-------------------------------------------------------------------------------|----------------|
|   2 | Royal Twinkle Star Club Private Limited                                       | Maharashtra    |
|   3 | Ruchi Soya Industries Limited                                                 | Maharashtra    |
|   4 | Zynergy Solar Projects and Services Ltd. (ZSPSPL) + 1                         | Tamil Nadu     |
|   5 | Church of South India Trust Association (CSITA)                               | Tamil Nadu     |
|   6 | Kerryon Automart Pvt Ltd + 16                                                 | West Bengal    |
|   7 | Premia Projects Ltd (PPL)                                                     | Delhi          |
|   8 | Moongipa Investments Ltd.                                                     | Delhi          |
|   9 | Rockland Hospital Ltd                                                         | Delhi          |
|  10 | Dishnet Wireless Ltd + 2                                                      | Maharashtra    |
|  11 | Adarsh Buildestate Ltd and entities associated with it +124 including 05 LLPs | Haryana        |
|  12 | Kolkata Weir Industries Ltd +15                                               | West Bengal    |
|  13 | Diamond Power Infrastructure Ltd +14                                          | Gujarat        |
|  14 | Cosmic Structure Limited (In liqn)                                            | Delhi          |
|  15 | SRS Limited and its group companies                                           | Delhi          |
|  16 | Educomp Solution Ltd                                                          | Delhi          |
|  17 | Auro Gold Jewellery Pvt Ltd                                                   | Maharashtra    |
|  18 | Parekh Aluminex Ltd                                                           | Maharashtra    |
|  19 | Infrastructure Leasing and Financial Services Limited                         | Maharashtra    |
|  20 | Sahara Q Shop Unique Products Range Limited + 2                               | Maharashtra    |
|  21 | Wheels Mobility Solutions Limited (In Prov. Liqn.)                            | Delhi          |
|  22 | Delhi and District Cricket Association                                        | Delhi          |
|  23 | Alchemist Township India Limited + 7                                          | Delhi          |
|  24 | Dura-line India Private Limited                                               | Delhi          |
|  25 | Cygnus Developers (India) Pvt Ltd                                             | West Bengal    |
|  26 | Amrit Feeds Limited                                                           | West Bengal    |
|  27 | Gujarat NRE Coke Limited                                                      | West Bengal    |
|  28 | Birla Cotsyn Ltd + 2                                                          | Maharashtra    |
|  29 | Real Estate and Landbank India Limited                                        | Gujarat        |
|  30 | Shree Maheshwar Hydel Power Corp Ltd                                          | Madhya Pradesh |
|  31 | Krishna Knitwear Technology Ltd + 4                                           | Maharashtra    |
|  32 | Tata Tele Services Maharashtra Ltd + 2                                        | Maharashtra    |
|  33 | Surana Industries Ltd + 190                                                   | Tamil Nadu     |

## 2019-20 (up to 30.06.2019)

|   1 | Pancard Club Limited                               | Maharashtra   |
|-----|----------------------------------------------------|---------------|
|   2 | M/s Bengal India Global Infrastructure Limited + 2 | West Bengal   |
|   3 | Pailan Park Development Authority Limited +17      | West Bengal   |
|   4 | Punj Liyod Limited                                 | Delhi         |
|   5 | Amrit Projects Limited + 5                         | West Bengal   |
|   6 | Jet Airways (India) Limited+6                      | Maharashtra   |

*******