ID :
45953
Tue, 02/17/2009 - 07:06
Auther :
Shortlink :
https://oananews.org//node/45953
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Finally, CBI to probe Satyam fraud case
Hyderabad/New Delhi, Feb 16 (PTI) The Andhra Pradesh
government has handed over the Rs 7,800-crore Satyam scam to
the Central Bureau of Investigation (CBI), more than a month
after the IT major's founder B Ramalinga Raju confessed to
cooking his company's account books and inflating profits over
the last many years.
Home Minister of India's southern state of Andhra
Pradesh, K Jana Reddy Monday said the state has issued a
'Government Order' handing over the probe into the Satyam
Computers fraud to the Central Bureau of Investigation. The
order was issued on February 13, he added.
Separately, India's Corporate Affairs Minister Prem Chand
Gupta told PTI in New Delhi that the case would be now jointly
probed by the CBI, along with the SFIO and other agencies.
"Now, the case will be probed jointly by the CBI, SFIO,
I-T department and others," Gupta said.
The country's biggest ever corporate scam, currently
being probed by the Serious Fraud Investigation Office (SFIO)
in Hyderabad, is expected to be discussed in the Rajya Sabha
tomorrow, Gupta added.
Earlier, Chief Minister of Andhra Pradesh Y S Rajasekhara
Reddy had written two letters to India's Prime Minister
Manmohan Singh proposing that the CBI take over the
investigation into the Satyam fraud in view of the multi-faced
nature of the issue.
The scandal is currently being probed by the CB-CID of
Andhra Pradesh police also.
As and when the case is transferred to the CBI, the
investigating agency can avail up to nine days of custody of B
Ramalinga Raju, promoter of Satyam, who has been interrogated
only for five days ever since he was arrested on January 10.
On January 7, Raju confessed to the Rs 7,800-crore fraud
and accepted that he had cooked company's account books and
inflated profits over the last several years.
Following the confession, the government superceded the
board of the IT major and had ordered an SFIO investigation
into Satyam and its subsidiaries. More than 300 entities
related to Satyam and the Raju family are also being probed by
the SFIO team. PTI SHS
RAI
government has handed over the Rs 7,800-crore Satyam scam to
the Central Bureau of Investigation (CBI), more than a month
after the IT major's founder B Ramalinga Raju confessed to
cooking his company's account books and inflating profits over
the last many years.
Home Minister of India's southern state of Andhra
Pradesh, K Jana Reddy Monday said the state has issued a
'Government Order' handing over the probe into the Satyam
Computers fraud to the Central Bureau of Investigation. The
order was issued on February 13, he added.
Separately, India's Corporate Affairs Minister Prem Chand
Gupta told PTI in New Delhi that the case would be now jointly
probed by the CBI, along with the SFIO and other agencies.
"Now, the case will be probed jointly by the CBI, SFIO,
I-T department and others," Gupta said.
The country's biggest ever corporate scam, currently
being probed by the Serious Fraud Investigation Office (SFIO)
in Hyderabad, is expected to be discussed in the Rajya Sabha
tomorrow, Gupta added.
Earlier, Chief Minister of Andhra Pradesh Y S Rajasekhara
Reddy had written two letters to India's Prime Minister
Manmohan Singh proposing that the CBI take over the
investigation into the Satyam fraud in view of the multi-faced
nature of the issue.
The scandal is currently being probed by the CB-CID of
Andhra Pradesh police also.
As and when the case is transferred to the CBI, the
investigating agency can avail up to nine days of custody of B
Ramalinga Raju, promoter of Satyam, who has been interrogated
only for five days ever since he was arrested on January 10.
On January 7, Raju confessed to the Rs 7,800-crore fraud
and accepted that he had cooked company's account books and
inflated profits over the last several years.
Following the confession, the government superceded the
board of the IT major and had ordered an SFIO investigation
into Satyam and its subsidiaries. More than 300 entities
related to Satyam and the Raju family are also being probed by
the SFIO team. PTI SHS
RAI
