Lok Sabha Question No. 2399 (UNSTARRED), answered on 2021-12-13
Subject: Cases under SIFO
Ministry: CORPORATE AFFAIRS
Asked by: S. Venkatesan

## GOVERNMENT OF INDIA

## MINISTRY OF CORPORATE AFFAIRS

## ANSWERED ON MONDAY THE 13TH DECEMEBR, 2021/

## LOK SABHA UNSTARRED QUESTION NO. 2399 AGRAHAYANA 22, 1943 (SAKA) Cases under SFIO

## QUESTION

2399.  SHRI S. VENKATESAN: Will the Minister of CORPORATE AFFAIRS be pleased to state:

- (a)   the details regarding cases under investigation by Serious Fraud Investigation Office (SFIO),  number  of  such  cases  taken  up,  cases  in  which  Investigation  completed  and persons/companies found guilty during the period 2016 to 2021; and
- (b)   the  list  of  companies  in  respect  of  which  investigations  are  in  progress  during  the current year?

## ANSWER

MINISTER  OF  STATE  (INDEPENDENT  CHARGE)  OF  THE  MINISTRY  OF  STATISTICS  AND PROGRAMME IMPLEMENTATION; MINISTER OF STATE (INDEPENDENT CHARGE) OF THE MINISTRY  OF  PLANNING  AND  MINISTER  OF  STATE  IN  THE  MINISTRY  OF  CORPORATE AFFAIRS

(RAO INDERJIT SINGH)

- (a) The details regarding cases under investigation by Serious Fraud Investigation Office (SFIO) are as under:-

| Details                              | 2015-16    | 2016-17    | 2017-18    | 2018-19     | 2019-20     | 2020-21   |
|--------------------------------------|------------|------------|------------|-------------|-------------|-----------|
| No. of cases taken up                | 21 cases   | 25 cases   | 22 cases   | 33 cases    | 26 cases    | 20 cases  |
| No. of cases taken up                | 184 cos.   | 111 cos.   | 226 cos.   | 414 cos.    | 326 cos.    | 69 cos.   |
| No. of cases investigation completed | 10 cases   | 14 cases   | 05 cases   | 12 cases    | 12 cases    | 07 cases  |
| No. of cases investigation completed | 60 cos.    | 89 cos.    | 132 cos.   | 83 cos.     | 361 cos.    | 25 cos.   |
| No. of persons /companies            | 8 cos.     | 16 cos.    | 9 cos.     | 96 cos.     | 118 cos.    | 0         |
| found guilty                         | 18 persons | 43 persons | 20 persons | 340 persons | 384 persons | 0         |

- (b) The details are enclosed at Annexure-A

*****

| 1     | Alchemist Township India Limited +7                                                                    |
|-------|--------------------------------------------------------------------------------------------------------|
| 2     | M/s Sterling Biotech Ltd (SBL)                                                                         |
| 3     | Birla Power Solutions Ltd. (in Liqn.)                                                                  |
| 4     | Greenray International Ltd. And its 03 group companies                                                 |
| 5     | Waris Finance International Ltd. (Presently known as Waris Industries Ltd.) and its 21 group companies |
| 6     | Micro Leasing & Funding Limited                                                                        |
| 7     | Kohinoor Diamonds Pvt Ltd                                                                              |
| 8     | Diamond Power Infrastructure Ltd (+14 group companies)                                                 |
| 9     | Kolkata Weir Industries Ltd (+15 group companies)                                                      |
| 10    | Birla Cotsyn Ltd +2                                                                                    |
| 11    | Ruchi Soya Industries Ltd (RSL)                                                                        |
| 12    | IMA Group of Companies +9                                                                              |
| 13    | Assotech Ltd. (in Liqn).                                                                               |
| 14    | Kanishka Gold Group (17)                                                                               |
| 15    | Heera Group (+14 & 1=15)*                                                                              |
| 16    | Religare Enterprises Limited                                                                           |
| 17    | Cartesian Computers Ltd./Abhyudaya Developers Pvt. Ltd. /Jahnavi Agro-Farms Pvt. Ltd                   |
| 18    | Scriptacom BPO Systems (P) Limited (converted into scriptacom BPO Systems LLP on 22-12-2014            |
| 19    | IFCI Ltd                                                                                               |
| 20    | Samrudha Jeevan Foods Ltd.                                                                             |
| 21    | Sai Prasad Foods Ltd. (+2)                                                                             |
| 22    | Winsome Diamonds & Jewellery Ltd.                                                                      |
| 23    | Auro Gold Jewellery Pvt Ltd                                                                            |
| 24    | Bhushan Steel & Power Limited (+13)                                                                    |
| 25    | Royal Twinkle Star Club Pvt Ltd (RTS)                                                                  |
| 26    | Ketan Parekh group of companies                                                                        |
| 27    | Kingfisher Training and Services Ltd. (+4)                                                             |
| 28    | Firestar International Limited. And Gitanjali Gems Ltd. (+ 112 its associates entities)                |
| 29    | Dishnet Wireless Ltd/ Aircel Ltd/ Aircel Cellular Ltd                                                  |
| 30    | Educomp Solution Ltd                                                                                   |
| 31    | Parekh Aluminex Limited                                                                                |
| 32    | Infrastrucutre Leasing & Financial Services Ltd                                                        |
| 33    | Sahara Q Shop Unique Products Range Limited +2                                                         |
| 34    | Delhi and District Cricket Association(DDCA)                                                           |
| 35    | Gujarat NRE Coke Ltd                                                                                   |
| 36    | Jet Airways (India) Limited +6                                                                         |
| 37    | Fortis Healthcare Limited                                                                              |
| 38    | Amrit Feeds Limited                                                                                    |
| 39    | Earth Infrastructure Limited +28                                                                       |
| 40    | First Leasing Company of India Limited (In Liqn.)                                                      |
| 41    | Getit Infoservices Private Limited (In Liqn.)                                                          |
| 42    | Real Estate and Landbank India Ltd                                                                     |
| 43    | Shree Maheshwar Hydel Power Corp Ltd Krishna Knitwear Technology Ltd +4                                |
| 44 45 | Tata Teleservices Maharashtra Ltd +2                                                                   |
| 46    | Surana Industries Ltd +14                                                                              |
| 48    | Liyod Limited                                                                                          |
|       | Punj                                                                                                   |

| 49    | M/s Bengal India Global Infrastructure Limited +2                                 |
|-------|-----------------------------------------------------------------------------------|
| 50    | Pailan Park Development Authority Limited +17                                     |
| 52    | Ireo Pvt Ltd                                                                      |
| 53    | Era Infra Engineering Ltd                                                         |
| 54    | M/s Castex Technologies Ltd                                                       |
| 55    | NuPower Renewables Pvt Ltd +4                                                     |
| 56    | ABG Shipyard Ltd                                                                  |
| 57    | Asian Colour Coated Ispat Ltd                                                     |
| 58    | Dewan Housing Finance Corporation Limited +5                                      |
| 59    | Cox & Kings Limited +6                                                            |
| 60    | CG Power and Industrial Solution Limited +15                                      |
| 61    | Housing Development and Infrastructure Limited                                    |
| 62    | Dalmia Bharat Limited +3                                                          |
| 63    | Calcom Cement India Ltd +6                                                        |
| 64    | Elder Pharmaceuticals Ltd                                                         |
| 65    | Unitech India Ltd                                                                 |
| 66    | Unity Infraprojects Limited +42                                                   |
| 67    | Lanco Infratech Limited                                                           |
| 68    | Jyoti Structures Limited +12                                                      |
| 69    | Karvy Stock Broking Ltd +9                                                        |
| 70    | Jaypee Infratech Ltd +1                                                           |
| 71    | Amtek Auto Ltd +2                                                                 |
| 72    | Pratibha Industries Ltd +6                                                        |
| 73    | Binani Cements Limited Frost Infrastructure & Energy Ltd +2                       |
| 74 75 | Bharati Defence and Infrastructure Limited                                        |
| 76    | Kohinoor Power Private Limited                                                    |
| 77    | Concast Steel and Power Limited                                                   |
| 78    | Blicare Limited                                                                   |
| 79    | International Recreation and Amusement Ltd                                        |
| 80    | RTIL Ltd                                                                          |
| 81    | Worlds Window Impex India Private Limited                                         |
| 82    | Orissa Manganese and Minerals Limited +6                                          |
| 83    | Lanco Teesta Hydro Power Limited                                                  |
| 85    | Shilpi Cable Technologies Limited                                                 |
| 86    | Coastal Projects Limited                                                          |
| 88    | ISMT LTD +15                                                                      |
| 87    | Mary Rani Popular Nidhi Limited                                                   |
| 89    | Vasan Health Care Private Limited Radha Madhav Research and Trade Private Limited |
| 90    |                                                                                   |
| 91    | Videocon Industries Limited                                                       |
| 92    | Five Core Electronics Limited                                                     |
| 93    | Parsavnath Developers Limited                                                     |
| 94    | *Idol India Corporations Limited +25                                              |
| 96    | WTC Noida Development Company Private Limited                                     |
| 97    | Maxx Mobile Communications Limited Multi Trade Private Limited                    |
| 98    | SPG                                                                               |