250 Companies with Satyam links under SFIO scanner
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The net is being cast wider with every company that has done a transaction with Satyam now coming under the scanner of the Serious Fraud Investigation Office (SFIO), which got permission to probe Satyam's transactions with as many as 250 companies. All the companies will have to divulge information regarding the nature of their business with Satyam, according
to Section 240 of The Companies Act, 1956.
"The RoC had asked for an explanation but the reply from Satyam was not found to be satisfactory. Hence, a broader investigation was ordered," a senior official said. #doc
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