Sesa Goa, an Indian unit of the Britain-based metals and minerals giant Vedanta group, Thursday said the company and its subsidiary Sesa Industries were being investigated by the Serious Frauds Investigation Office for malpractices, financial and other irregularities.
"The investigation originates from the complaint filed by one of the shareholders prior to the acquisition of the company by Vedanta in April 2007," said Sesa Goa in a regulatory statement.
