The ministry of corporate affairs has set up a market research and analysis unit in the Serious Fraud Investigation Office (SFIO) to tone up regulatory system in the corporate sector and to analyse whether the investigation process is being followed properly.
Corporate affairs minister Salman Khurshid said, ??The unit will analyse all the investigated cases to see if the investigation process was followed in full. Any deviation and its resultant effect on the outcome of investigation would be brought out to form a base for further improvement in investigation skills??.
The unit will perform the task to study investigation cases carried out by the investigation departments of the respective agencies in other countries and analyse the procedure and systems followed in those countries.
According to the ministry, the investigation modules based on best global practices shall be developed in the unit for guiding cases of investigation. It will also collect information from various sources which will be synthesized with the information collected through media and the data gathered from MCA-21 project.
Khurshid said, ??The information bank can be used to throw early alerts on deviation from the legally accepted behaviour of the corporate entities??.