Q. Serious Fraud Investigation Office [SFIO], which was seen in the news, works under which ministry?
Answer: Ministry of Corporate Affairs
Notes: The SFIO recorded the statement of the Kerala Chief Minister's daughter, raising political controversy. The Serious Fraud Investigation Office (SFIO) is a corporate fraud investigation agency established on July 21, 2015. It was given statutory status under Section 211 of the Companies Act, 2013. SFIO operates under the Ministry of Corporate Affairs with experts in various fields. It investigates complex fraud cases with public interest. SFIO can take cases based on government reports or public interest. Once assigned, no other agency can investigate that case. The SFIO is led by a Director and headquartered in New Delhi.

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