New Delhi: The Ministry has ordered investigation into the affairs of Fortis Healthcare Ltd and has assigned the same to SFIO vide order dated 17.02.2018. During the investigation process all the issues in their entirety will be examined by the SFIO. The investigation is presently in initial stage.
Following are the details of the cases involving companies assigned for investigation, completed and pending in SFIO during the last three years and current year:
| Financial Year | Investigation of companies (Balance Forward) | Investigation assigned | Investigation completed | Investigation pending |
| 2014-15 | 94 | 71 | 39 | 126 |
| 2015-16 | 126 | 184 | 60 | 250 |
| 2016-17 | 250 | 111 | 87 | 274 |
| 2017-18 (current as on date) | 274 | 209 | 118 | 365* |
*(Including quashed/withdrawn and stayed cases involving 17 companies).
The Government has taken many steps to check the corporate frauds, including treating fraud as a substantive offence has been introduced in the Companies Act, 2013; stricter norms of Corporate Governance have been prescribed under the Companies Act, 2013; information Communication Technology (ICT) tools are being used for early detection of frauds through data analysis, surveillance and forensics etc.
This was stated by Union Minister of State for Law & Justice and Corporate Affairs Shri P.P. Chaudhary in Lok Sabha today.
