{"id":277506,"date":"2019-06-06T04:54:08","date_gmt":"2019-06-06T04:54:08","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=277506"},"modified":"2019-06-06T04:58:36","modified_gmt":"2019-06-06T04:58:36","slug":"sc-allows-sfio-to-reopen-and-recast-ilfs-accounts-for-last-five-years","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/sc-allows-sfio-to-reopen-and-recast-ilfs-accounts-for-last-five-years\/","title":{"rendered":"SC allows SFIO to reopen and recast IL&amp;FS accounts for last five years"},"content":{"rendered":"<p>The Supreme Court on Tuesday allowed the Serious Fraud Investigation Office (SFIO) to reopen and recast the accounts of Infrastructure Leasing &amp; Financial Services (IL&amp;FS) and two of its key subsidiaries of five years starting 2012-13 (FY13). The order came on a plea moved by the Ministry of Corporate Affairs (MCA), which sought to examine the books of IL&amp;FS, IL&amp;FS Financial Services (IFIN), and IL&amp;FS Transportation Networks (ITNL) between FY13 and FY18.<\/p>\n<p>The SFIO is a multi-disciplinary organisation under the MCA for detecting and prosecuting or recommending for prosecution white-collar crimes. <\/p>\n<p>The recast of books, tax experts said, would help the SFIO find out exactly how they were inflated and by how much.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Supreme Court on Tuesday allowed the Serious Fraud Investigation Office (SFIO) to reopen and recast the accounts of Infrastructure Leasing &amp; Financial Services (IL&amp;FS) and two of its key subsidiaries of five years starting 2012-13 (FY13). The order came on a plea moved by the Ministry of Corporate Affairs (MCA), which sought to examine the books of IL&amp;FS, IL&amp;FS Financial Services (IFIN), and IL&amp;FS Transportation Networks (ITNL) between FY13 and FY18. The SFIO is a multi-disciplinary organisation under the MCA for detecting and prosecuting or recommending for prosecution white-collar crimes. The recast of books, tax experts said, would help [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,168],"tags":[],"class_list":["post-277506","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-roads-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/277506","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=277506"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/277506\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=277506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=277506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=277506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}