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| Technology
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| Open to CBI probe into Satyam: YSR |
| Open to a CBI probe into the Satyam fraud
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| INDIA
, 28-January-2009
0:20:31 AM |
| Open to a CBI probe into the Satyam fraud, Andhra Pradesh Chief Minister Y S Rajasekhara Reddy on Wednesday told Prime Minister Manmohan Singh that the IT firm resorted to "embellishment" of bank accounts for more than seven years.
"Investigation has so far revealed embellishment of bank accounts by the Company for more than seven years to impress the clients within the country and overseas. Our Government would welcome making over the case to CBI, if deemed appropriate," Reddy said in a letter to the Prime Minister.
Stressing a coordinated mechanism between the Central agencies and departments like SEBI and the Serious Fraud Investigation Office, he said the scope of probe underway by the state Government included Satyam's connection with the Maytas firms.
The Maytas firms are an infrastructure group promoted by the family members of Satyam's disgraced former Chairman Ramalinga Raju.
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