As the Serious Fraud Investigation Office (SFIO) prepares prosecution against lobbyist Niira Radia’s Vaishnavi firms for companies law violation, the group on Sunday asked corporate affairs minister Sachin Pilot to intervene and order an investigation into whether “due process” was followed by the probe agency.
The SFIO recently submitted its final report on investigations into alleged violations — including non-disclosure of key financial and other details by certain Vaishnavi entities and entering into related party transactions without proper clearances — and sought the corporate affairs ministry’s approval for launching prosecution in the case.
The probe agency has now been granted permission to begin prosecution, pursuant to which appropriate penal action can be taken in this case, a senior official said.
- Mumbai’s Haji Ali Dargah Trust to SC: Ready to give women access to sanctum sanctorum
- Samajwadi Party Crisis: 5 Quotes By Mulayam Singh Yadav At Press Conference
- Ae Dil Hai Mushkil Vs Shivaay: What Delhites Pick
- Supreme Court Directs Vijay Mallya To Fully Disclose Foreign Assets In 4 Weeks
- 5 Reasons To Watch Ae Dil Hai Mushkil
- BSP Supremo Mayawati Criticises PM Modi Over Triple Talaq: Here’s What She Said
- Google Pixel XL Phone Review: Pros, Cons And Final Verdict
- Defence Minister Manohar Parrikar Says Army donation Is Voluntary
- Rock On 2 Trailer Launch: Farhan Akhtar, Shraddha Kapoor, Prachi Desai On Their Roles
- Cyrus Mistry’s Career Timeline
- Stalker Kills Woman At Metro Station In Gurgaon: Here’s What Happened
- Bigg Boss 10 October 24 Review: Seven Contestants Nominated For Evictions
- Power Struggle In Mulayam’s Party: Here’s What People Reacted
- 1 Dead, 5 Injured In Low Intensity Explosion In Delhi’s Naya Bazaar Area
- Delhi: Naya Bazar Explosion Cctv Footage
Meanwhile, Vaishnavi Corporate Communications on Sunday wrote to Pilot requesting him to “examine the Report (by SFIO) dispassionately on the allegations made against us.”
“We believe that strong action by your good self would serve as a deterrent against any similar repeats from taking place in the future. We also request your good-self to investigate whether due process has been adopted in the process of finalisation of the report as we apprehend that the report has been authored primarily to create sensation by use of selective data points,” the firm said. When contacted, a Vaishnavi spokesperson confirmed that such a letter has been written to Pilot.