Which Union Ministry is associated with the Serious Fraud Investigation Office (SFIO), which has been in the news recently?
5Q:
Which Union Ministry is associated with the Serious Fraud Investigation Office (SFIO), which has been in the news recently?
- 1Ministry of Corporate Affairstrue
- 2Ministry of Educationfalse
- 3Food Ministryfalse
- 4Ministry of Defencefalse
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Answer : 1. "Ministry of Corporate Affairs"
Explanation :
Recently, the Supreme Court, while dismissing a plea to quash a complaint by the Serious Fraud Investigation Office (SFIO), has left an important legal question unanswered - whether the SFIO can punish police officers under the Code of Criminal Procedure, 1973. Qualifies as? Established on 21 July 2015, by the Government of India, SFIO works under the Ministry of Corporate Affairs. The statutory status granted by Section 211 of the Companies Act, 2013, empowers it to handle complex cases involving multi-disciplinary matters, investigate and prosecute white-collar crimes.