KOLKATA: The Serious Fraud Investigation Office (SFIO), the investigation arm of the Union Ministry of Corporate Affairs, will conduct forensic audits into alleged financial irregularities by a Calcutta High Court-appointed committee, which was overseeing the refund of investors' money in the multi-crore Rose Valley chit fund scam
The SFIO will take over the investigation in the matter following an order of a division bench of the Calcutta High Court.
The division bench of Justice Rajarshi Bharadwaj and Justice Uday Kumar directed the SFIO to take up the task of forensic audit of the alleged financial irregularities by the Calcutta High Court-appointed committee headed by Retired Justice Dilip Kumar Seth, which was constituted to oversee the process of returning money to the investors of Rose Valley Group.
Although the division bench passed the order on this count during the second half on Thursday, the copy of the order was uploaded on Friday.