SFIO nabs 3 men for siphoning off Rs 200 crore
- Country:
- India
The Serious Fraud Investigation Office (SFIO) Monday arrested three individuals of Adarsh Group of companies for allegedly syphoning off more than Rs 200 crore, official sources said.
The SFIO, which comes under the Corporate Affairs Ministry, mainly probes white-collar crimes.
The sources said the agency arrested Mukesh Modi, Rahul Modi and Vivek Harivyasi of the Adarsh group of companies for committing alleged fraud by syphoning off more than Rs 200 crore.
These companies and other entities had taken huge loans from the Ahmedabad based Adarsh Credit Cooperative Society Ltd run by Mukesh Modi family, they added.
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