SFIO to probe JP Group companies

Tribune Web Desk

Updated At : 01:33 PM May 28, 2020 IST

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New Delhi: The Serious Fraud Investigation Office (SFIO) will probe Jaypee group’s flagship firm Jaiprakash Associates and bankruptcy-bound Jaypee Infratech for alleged financial irregularities, according to a source. The probe agency comes under the Corporate Affairs Ministry. The source said the ministry has ordered an SFIO probe against Jaiprakash Associates and Jaypee Infratech. The Group has already sold many cement and power plants to reduce its debt. PTI

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