Govt Empowers PSU banks to Request Lookout Circulars Against Wilful Defaulters After Vijay Mallya, Nirav Modi Fiasco

The Home Ministry has also authorised the Serious Fraud Investigation Office (SFIO), a statutory corporate fraud investigation agency, to request LOCs if it feels the suspect may escape from India.

from Top Business News- News18.com http://bit.ly/2RSr48k