India Orders Serious Fraud Investigation on Satyam Scandal
India Orders Serious Fraud Investigation on Satyam Scandal
New Delhi (ABC Live): The Indian government on Tuesday ordered investigation into the Satyam scandal by the Serious Fraud Investigation Office (SFIO).
New Delhi (ABC Live): The Indian government on Tuesday ordered investigation into the Satyam scandal by the Serious Fraud Investigation Office (SFIO).
The information to this was shared by Corporate Affairs Minister Prem Chand Gupta that government has asked SFIO to submit its report in three months.
It is to mention that government action has come after receiving a report from the Registrar of Companies (RoC), Hyderabad, which inspected the books of accounts of Satyam Computer Services and eight other companies belonging to B Ramalinga Raju and his family members.
On appointment of more directors for Satyam Board, Gupta said Corporate Affairs Secretary Anurag Goel is in constant touch with the newly constituted board soon action will be taken accordingly
The government on Sunday appointed a three-member board comprising HDFC Chairman Deepak Parekh, former Nasscom President Kiran Karnik and former Securities Appellate Tribunal (SAT) Presiding Officer C Achuthan.
del.icio.us |
Digg
Email to a friend
Print version
Plain text
Post your comment