The Securities and Exchange Board of India, the market regulator, said it was investigating.
"We have to go beyond this letter and find out what actually has happened," SEBI chief C.B. Bhave told reporters. "This is an issue which has very serious implications. It involves the Companies Act and the violation of the listing agreement with SEBI. It also raises the issue of authenticity of accounts that have been audited and certified by the auditors."
Courtesy:CNBC
Former BJP parliamentarian and president of the city-based Investors' Grievances Forum, Krit Somaya has threatened to file a criminal complaint against promoters and auditors of the Satyam Computers.
Courtesy:Sify.com
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