The Ministry of Corporate Affairs has referred to the Serious Fraud Investigation Office (SFIO) the case of Rs.870-crore deceit in Reebok India allegedly by its two former top executives. “Prima facie, we have found something wrong in their (Reebok) books. The matter has now been referred to the SFIO for further investigation,” Corporate Affairs Minister Veerappa Moily told reporters here on Tuesday. The move followed a non-invasive scrutiny carried out by the Registrar of Companies, Delhi, which submitted the report to the Ministry on Monday, he said.
India Cements appoints Dhoni as Vice-President
SBI waives minimum balance for savings accounts
India Cements benefits from higher price realisation
Borg India launches solar power generators
Natco Pharma wins cancer drug case
New Companies Bill mandates CSR spending
JW Marriott hotel coming up in Kolkata
Infosys denies large scale layoff
SpiceJet launches flights to Guangzhou in South China
Mahindras launch two new bikes
VIDEO
For the first time, the Chennai-based conservative Rane Group is looking beyond Indian shores to expand into. V. Ganesan of The Hindu caught up with Mr. L. Ganesh, the group's Chairman, for a talk on this and other issues. Watch on. Read the story here: http://thne.ws/Y0r7Jr
