Enforcement Directorate yet to give final report on Satyam
September 15th, 2009 - 10:15 pm ICT by IANS
Kolkata, Sep 15 (IANS) The Enforcement Directorate (ED) is yet to give its final report on the multi-crore accounting fraud in Satyam Computers, Corporate Affairs Minister Salman Khurshid said here Tuesday.
“The ED and the US Internal Revenue Services (IRS) are looking basically at the compensation angle of the fraud. The prosecution angle is being looked after by the Central Bureau of Investigation (CBI),” the minister said.
The ED report has got delayed because the body would have to go to several countries and follow a prolonged and complex process, he said. The Andhra Pradesh High Court has approved setting up a fast-track court to settle the case.
Satyam founder Ramalinga Raju stunned corporate India Jan 7 this year by admitting the Rs.78-billion multi-crore accounting fraud. The accused face charges of cheating, criminal conspiracy, falsification of records and forgery.
The scam-hit company was later taken over by Tech Mahindra, the IT arm of the Mahindra group, and renamed as Mahindra Satyam.
- Fast-track court to settle Satyam case soon: Salman Khurshid - Sep 05, 2009
- GE extends multi-million dollar deal with Satyam - Sep 24, 2009
- $10m US settlement in firm's interest, says Mahindra Satyam - Apr 06, 2011
- India asks US regulator not to levy fine on Satyam - Dec 15, 2009
- Andhra High Court adjourns hearing on Raju's bail plea - Aug 05, 2010
- Five accused in Satyam scam get bail - Jul 20, 2010
- Former Satyam chief Raju gets bail (Second Lead) - Aug 18, 2010
- Court reserves verdict on Raju's bail plea - Aug 16, 2010
- Mahindra Satyam's merger with Tech Mahindra next year - Nov 10, 2011
- Stage set for Mahindra Satyam's merger - Mar 20, 2012
- Former Satyam chief Raju gets bail (Lead) - Aug 18, 2010
- Satyam probe almost over, says Salman Khursheed - Aug 21, 2009
- Mahindra Satyam, Tech Mahindra Ltd merge - Mar 21, 2012
- Five accused in Satyam scam get bail (Lead) - Jul 20, 2010
- Two-fold jump in Mahindra Satyam's net profit - Aug 10, 2011
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