#70 posts at Serious Fraud Investigation Office

Serious-Fraud-Office#The government is looking to fill up nearly 70 positions at the Serious Fraud Investigation Office (SFIO), including the posts of additional and deputy directors.

SFIO, which is probing many high profile cases including Saradha chit funds scam, is grappling with shortage of staff.

The multi-disciplinary organisation comes under the Corporate Affairs Ministry.

The SFIO is a multi-disciplinary organization under Ministry of Corporate Affairs, consisting of experts in the field of accountancy, forensic auditing, law, information technology, investigation, company law, capital market and taxation for detecting and prosecuting or recommending for prosecution white-collar crimes/frauds. The SFIO will normally take up for investigation only such cases, which are characterized by

  • complexity and having inter-departmental and multi-disciplinary ramifications ;

  • substantial involvement of public interest to be judged by size, either in terms of monetary misappropriation or in terms of persons affected, and;

  • the possibility of investigation leading to or contributing towards a clear improvement in systems, laws or procedures. The SFIO shall investigate serious cases of fraud received from Department of company Affairs.

Applications have been invited for as many as 69 posts that include positions of additional/joint director in the areas of forensic audit, capital market, investigation and financial transactions, according to a government announcement.

There is also a post of deputy director (investigation). Besides, SFIO has vacancies for 16 senior assistant directors in the areas of banking, capital markets, corporate law, forensic audit, taxation, customs & central excise.

Among others, there are openings for seven assistant directors (investigation/law/capital market/forensic audit), five senior prosecutors, seven private secretaries and 15 personal assistants.

The vacancies, to be filled up on deputation basis, is across SFIO offices in the national capital, Mumbai, Chennai, Hyderabad and Kolkata.

In December last, the Ministry had informed the Parliament that it was holding consultations on amending norms that would allow it to hire permanent staff for SFIO.

Currently, recruitment at SFIO is done mainly on deputation basis from other government agencies/PSUs as per the decision of the cabinet at the time of its constitution.

So far, SFIO has filed prosecutions against companies, including Global Trust Bank, Goldquest International Pvt Ltd, Questnet Enterprises India Pvt Ltd, Jayant Vitamins Ltd, City Limouzines (India) Ltd, and Yusuf Properties Pvt Ltd, among others, the Ministry had informed the Parliament last month.(Source:PTI)

Vacancies for Serious Fraud Investigation Office