Serious Fraud Investigation Office

April 27, 2023

The Serious Fraud Investigation Office (SFIO), which increased its capacity in FY23, has completed 23 investigations during the year, up from 13 in the year before.
SFIO is a multi-disciplinary organization under Ministry of Corporate Affairs.
Headquarter: New Delhi
It consist experts in field of accountancy, forensic auditing, law, information technology, investigation, company law, capital market and taxation for detecting and prosecuting or recommending for prosecution white-collar crimes/frauds.
It was accorded statutory status under Companies Act, 2013.
Has the power to arrest accused people for violation of Company law.
Computer Forensic and Data Mining Laboratory (CFDML) was setup in 2013 to assist officers of SFIO on investigations.