SFIO Investigation: SFIO Launches Probe into India Power Corp Amid Srei Infrastructure Investigation, ETLegalWorld

India Power Corporation Ltd (IPCL), which is currently undergoing the corporate insolvency resolution process (CIRP), on Thursday said the Serious Fraud Investigation Office (SFIO) has sought information from the company as part of an investigation ordered by the Ministry of Corporate Affairs (MCA) into the affairs of Srei Infrastructure Finance Ltd and other entities. “The…

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Corporate Travel Management admits underpaying staff $2.4m

Corporate Travel Management has apologised after admitting it underpaid its staff in Australia and New Zealand, as the embattled travel agent remains locked in talks over a deal to repay ripped-off customers. A spokesman for Corporate Travel said the company found it owed $2.39 million and “payment arrangements have been made accordingly, including superannuation and…

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