GoI orders probe into Maytas Cos also
The Government of India on Monday ordered the Serious Fraud Office to investigate Satyam Ramalinga Raju’s family promoted Maytas Properties and Maytas Infrastructure as it suspected a vital link between these two and the fudging of accounts in Satyam Computer Services.
Corporate Affairs Minister P C Gupta said that the investigators probing the fraud in Satyam have informed that there appeared to be a nexus between the events that have taken place in Satyam and its sister companies Maytas Properties and Maytas Infrastructure.
Gupta said it was necessary to obtain information, records and books from the above two companies. He said that the government had approved and authorised the SFIO inspectors to obtain such books, records, papers as they deem necessary of Maytas Properties and Maytas Infrastructure.