Q. Which Union Ministry is associated with Serious Fraud Investigation Office (SFIO), which has recently been in the news?
Answer:
Ministry of Corporate Affairs
Notes: The Supreme Court, in dismissing a petition to quash a complaint by the Serious Fraud Investigation Office (SFIO), has left a pivotal legal question unanswered—whether SFIO qualifies as police officers under the Code of Criminal Procedure, 1973. Established on July 21, 2015, by the Government of India, SFIO operates under the Ministry of Corporate Affairs. Its statutory status, granted by Section 211 of the Companies Act, 2013, empowers it to investigate and prosecute white-collar crimes, handling complex cases involving multi-disciplinary affairs.