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Advanced Regulatory Investigation Processes: SFIO, ED, and CBI Roles Explained

A practitioner's guide to how financial crime is investigated in India. You learn the legal basis, powers and process of the Serious Fraud Investigation Office under the Companies Act 2013, the Directorate of Enforcement under PMLA, FEMA and the Fugitive Economic Offenders Act, and the Central Bureau of Investigation under the DSPE Act and the Prevention of Corruption Act. The course traces how a case reaches each agency, how predicate offences chain one agency's case into another's, and how SEBI, the Income Tax Department and the agencies run parallel proceedings on the same facts. Real Indian cases anchor every chapter: IL&FS, DHFL, ABG Shipyard, PNB and Nirav Modi, and Satyam. The course closes with a practitioner's playbook: responding to a summons or search, preserving documents, running an internal investigation alongside an agency probe, and making a forensic audit report stand up as evidence. Educational content only, not legal advice. Built for senior forensic auditors, chief compliance officers and financial crime investigation professionals.

SFIO and Companies Act FraudED, PMLA and FEMA EnforcementCBI and Bank Fraud InvestigationMulti-Agency and Parallel ProceedingsForensic Evidence StandardsResponding to Agency Investigations

MODULES

6

DURATION

4 Hours

TRACK

Forensic Accounting & Compliance

What You'll Master

Map which agency investigates which offence and the statute that gives it power

Explain how SFIO is assigned a case under Section 212 and what Section 447 fraud requires

Follow an ED case from ECIR through attachment, adjudication, arrest and bail under PMLA

Trace how bank frauds reach the CBI through RBI's fraud reporting framework

Untangle parallel proceedings when SEBI, SFIO, ED, CBI and Income Tax act on the same facts

Prepare forensic audit work that holds up as evidence, including electronic records

Respond to a summons, search or document request in a way that protects the company and the individuals involved

Access Level

LEARNER

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Everything included

Full Text Playbooks

Actionable Exercises

Mobile Reading Mode

Lifetime Updates

Curriculum Breakdown

Chapter 1: The Investigation Landscape

3 Lessons

Who Investigates What: Mapping India's Financial Crime Agencies12 min read

How a Case Reaches an Agency: Complaints, Referrals and Triggers12 min read

Jurisdiction Overlap and the Predicate Offence Chain13 min read

Chapter 2: SFIO and Corporate Fraud

4 Lessons

SFIO's Mandate Under Sections 211 and 212 of the Companies Act13 min read

Section 447 Fraud: Elements, Thresholds and Penalties12 min read

Inside an SFIO Investigation: From Assignment Order to Final Report14 min read

Case Study: The IL and FS Collapse and the SFIO Investigation14 min read

Chapter 3: The Enforcement Directorate and PMLA

4 Lessons

ED's Three Statutes: PMLA, FEMA and the Fugitive Economic Offenders Act13 min read

The ECIR, Summons and Section 50 Statements13 min read

Provisional Attachment, Adjudication and Confiscation of Proceeds14 min read

Arrest, Bail and the Twin Conditions After Vijay Madanlal Choudhary14 min read

Chapter 4: The CBI and Bank Fraud

3 Lessons

CBI's Legal Basis: The DSPE Act, State Consent and Prior Approval13 min read

How Bank Frauds Reach the CBI: RBI Fraud Directions and Red Flagged Accounts14 min read

Case Study: DHFL and ABG Shipyard, India's Largest Bank Fraud FIRs14 min read

Chapter 5: Multi-Agency Cases and Evidence

3 Lessons

Parallel Proceedings: SEBI, SFIO, ED, CBI and Income Tax on One Set of Facts14 min read

Case Study: PNB and Nirav Modi Across the CBI, ED and FEO Act14 min read

Making a Forensic Audit Report Stand Up as Evidence14 min read

Chapter 6: The Practitioner's Playbook

3 Lessons

Responding to a Summons or Search: The First 48 Hours13 min read

Document Preservation and Internal Investigations During an Agency Probe13 min read

Building an Investigation Ready Compliance Function13 min read