SFIO to investigate Satyam fraud

SFIO to investigate Satyam fraud

SFIO to investigate Satyam fraud

The Government of India has asked the Serious Fraud Investigation Office (SFIO), an entity that probes cases of economic offences of grave nature, to probe the Satyam case after receiving a preliminary report from the Registrar of Companies.

The SFIO had been asked to look into the entire gambit of the scam and submit its report within three months.

Last night, the Registrar of Companies, Hyderabad, submitted its report to the Centre on its preliminary probe into the Satyam scam. The RoC inspected the books of accounts of Satyam Computer and eight other companies belonging to the kin of the former chairman B Ramalinga Raju.

The SFIO was already assisting the RoC in the probe, but has now being formally handed over the investigations.

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