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INDIA’S SERIOUS FRAUD OFFICE

indias serious fraud officeSiddhartha Datta (Amarchand & Mangaldas & Suresh A. Shroff & Co) considers the likely impact of India’s establishment of a Serious Fraud Investigation Office.

SPEED READ

The Companies Act 2013 has established the Serious Fraud Investigation Office (“SFIO”) in India. Significantly, as well as defining fraud and prescribing the punishment, the enabling legislation provides for a mechanism for international co-operation in cases involving cross-border fraud. The SFIO, which came into operation on 1st April 2014, is a direct response to the lessons learnt in India during the enormous Satyam fraud which came to attention in early 2009.

To read the commentary, click here.

Tougher penalties for UK companies committing whit...
INTERNAL INVESTIGATIONS
The views expressed in this article represent those of the author and not Bright Line Law.

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