Delhi HC orders investigation into AskMe's finances

The SFIO will submit a report on AskMe's finances by the end of this month, reports Tech in Asia

The battle between the board of Getit Infoservices – which operated popular e-commerce and listings website AskMe – and its majority investor Astro has reached a tipping point.

According to a court order reviewed by Tech in Asia, the Delhi High Court has directed the Serious Fraud Investigation Office (SFIO) to probe allegations of misappropriation of funds and company assets, a move that Astro has been lobbying for.

The SFIO will submit a report on AskMe’s finances by the end of this month. Malaysia-based Astro Entertainment Network (AENL) filed a petition in the Delhi High Court in December last year to close