SFIO Arrests Satish Kumar Pawa, Saurav Aggarwal, Suhas S. Paranjpe in Connection with Investigation into Affairs of Jagat Agro Commodities Private Limited.
Mr. Satish Kumar Pawa, promoter and shareholder, Mr. Saurav Aggarwal, son of promoter and Mr. Suhas S. Paranjpe, Statutory auditor, were arrested by the Serious Fraud Investigation Office (SFIO) in connection with investigation into the affairs of Jagat Agro Commodities Pvt. Ltd. The arrests were made as part of the investigation into the affairs of Jagat Agro Commodities Pvt. Ltd. by SFIO.
The investigation was assigned by the Ministry of Corporate Affairs to SFIO based on the Orders passed by the National Company Law Tribunal.
The arrest has been made by SFIO in exercise of the powers under Section 212(8) of the Companies Act, 2013, based on the material in its possession which has revealed that these persons were guilty of indulging in serious corporate fraud punishab...