Coronavirus outbreak puts brakes on corporate fraud investigations

Sources said the probe agencies are planning to move an application, seeking more time with respect to the filing of chargesheet in matters

The coronavirus (Covid-19) outbreak appears to have come as a blessing in disguise for Rana Kapoor and others, who are being investigated for their alleged involvement in corporate fraud cases.

Sources say law enforcement agencies, including the Enforcement Directorate (ED), Central Bureau of Investigation and Serious Fraud Investigation Office, decided to delay full-scale investigation in major matters for at least a month. 

Business Standard spoke to senior officials in these agencies. According to them, summons, questioning and related action have been postponed due to the lockdown.  “We have considered pleas for adjournment of summons that were being served to people in ongoing