Frauds will persist, need effective controls: MCA
Mint Mumbai|April 26, 2023
The Serious Fraud Investigation Office (SFIO), which increased its capacity in FY23, completed 23 investigations during the year, up from 13 in the year before, the ministry of corporate affairs (MCA) said, adding the government was committed to combating fraud
Gireesh Chandra Prasad
Frauds will persist, need effective controls: MCA

Frauds will persist as the economy flourishes, the government warned on Tuesday in reference to various scams involving mobile apps while asking companies to implement “effective controls and governance frameworks" in their organizations.

The Serious Fraud Investigation Office (SFIO), which increased its capacity in FY23, completed 23 investigations during the year, up from 13 in the year before, the ministry of corporate affairs (MCA) said, adding the government was committed to combating fraud.

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