After banks, SFIO gets powers to request look-out circulars against Vijay Mallya, Nirav Modi-type defaulters

Days after vesting banks with powers to keep a check on wilful defaulters by requesting the issuance of look-out circulars (LOCs), the government has now conferred the Serious Fraud Investigation Office (SFIO) with the same authority.

from The Financial ExpressThe Financial Express https://ift.tt/2BB3SkY