New Delhi, May 22: Corporate fraud investigation body Serious Fraud Investigation Office (SFIO) has recommended prosecution against mines major Sesa Goa on nine grounds, including over- and under-invoicing of export/import of over Rs 1,000 crore.
The SFIO has found that Sesa Goa has over-invoiced import receipts of coking coal by Rs 14.6 crore and also sale of iron-ore by Rs 42.51 crore, while under-invoicing exports by Rs 1,002 crore. — PTI