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Investigation into Satyam Computer Scam under way

Posted on 03 March 2011,    
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Investigation into Satyam Computer Scam under way

The Union Minister of State for Corporate Affairs, Mr. R.P.N. Singh has stated that the investigation into Satyam Computer Services Limited is underway by SFIO in association with CBI & ED to ascertain diversion/siphoning of funds including role of individual directors. 

Replying to a question in Lok Sabha recently, the Minister said, disciplinary proceedings against six Chartered Accountants into the Satyam Computer Scam is underway by ICAI and has not reached the stage of award of punishment. He said, CBI has issued Letter of Rogatories to six countries. Since charge sheets will be filed after getting the information from these countries, no time limit can be indicated. 



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