Govt examining SFIO report on cement makers, India

Govt examining SFIO report on cement makers, India
Published: 05 August 2011

The Corporate Affairs Ministry is examining an SFIO investigation report on cement manufacturing majors ACC, Ambuja and Ultratech, Parliament was informed.

The MCA’s investigating arm Serious Fraud Investigation Office (SFIO) was ordered "under section 234 (6) of the Companies Act, 1956, on Ultra Tech Cement, Ambuja Cements and ACC into the affairs of the company," Minister of State for Corporate Affairs RPN Singh said in a written reply in the Lok Sabha.

"SFIO has since submitted its report to government and the report is under examination at present," Singh said.