SFIO conducts search operations at companies manufacturing EVs
The Sunday Guardian|December 08, 2024
NEW DELHI The Serious Fraud Investigation Office (SFIO) on Monday conducted search operations at three companies engaged in the manufacturing of electric vehicles, the Ministry of Corporate Affairs (MCA) said in a release.
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SFIO conducts search operations at companies manufacturing EVs

According to the release, these cases arise from the alleged fraudulent availing of subsidies amounting to Rs 297 crores cumulatively by all three companies under the Faster Adoption and Manufacturing of Electric Vehicles (FAME) II scheme of the Ministry of Heavy Industries (MHI).

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