Government orders serious fraud probe against Aircel
The government has ordered a Serious Fraud Investigation Office (SFIO) probe against Aircel and two group firms over alleged financial irregularities. The telecom operator filed for bankruptcy in February as it had been facing "troubled times" in a "highly financially stressed" sector. Aircel is already under the lens of the CBI and the Enforcement Directorate in connection with Aircel-Maxis deal.