StockWatch
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Computers - Software & Consulting
Legal19 Aug 2026, 07:00 pm

3i Infotech: EOW deems fraud complaint civil; legal opinion sought

AI Summary

3i Infotech Ltd has received an update from the Economic Offence Wing (EOW), Navi Mumbai, regarding a complaint filed on February 3, 2026. The EOW has conducted a preliminary inquiry and concluded that the matter appears to be of a civil nature, suggesting the company seek redressal from the concerned department. The complaint involved an alleged fraud of over ₹128 crores plus interest and damages. The company is currently obtaining legal opinion to decide its next course of action. The disclosure was delayed due to the need for translation of the EOW's letter from Marathi to English.

Key Highlights

  • EOW concludes fraud complaint is civil in nature.
  • Alleged fraud amount exceeds ₹128 crores plus interest.
  • Company seeking legal opinion on next steps.
  • Impact on financials yet to be ascertained.