Income Tax department to probe Satyam scam

Income Tax department to probe Satyam scam

Income Tax department to probe Satyam scam

The Income Tax department is independently probing the Rs 7,800-crore accounting fraud in Satyam with a focus on tax deducted at source and benami deals.
The Andhra Pradesh police, market regulator SEBI and the Serious Fraud Investigation Office (SFIO) are already investigating the fraud by B Ramalinga Raju, founder and promoter of Satyam Computer Services.
The SFIO has been given three months to complete its probe, although the investigating team has not been able to access Raju and others for interrogation yet.

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