ED to probe money transfer in Satyam scam: Khurshid
July 13th, 2010 - 10:24 pm ICT by ANI
New Delhi, July 13 (ANI): Minister of State for Corporate Affairs Salman Khurshid on Tuesday said the Enforcement Directorate probing the financial irregularities in the multi-crore Satyam scam is investigating if some money was transferred aboard.
“All the charge sheets have been filed, investigations are over, there may be some that the Enforcement Directorate is still carrying on trying to find out if there was any seepage of money going across the border aboard,” said Khurshid.
“But that does not prevent the prosecution from going forward. Now we are waiting for courts to do what needs to done under the law,” he added.
Khurshid further said the government has put in measures to check a repeat of such scams in country’s corporate affairs.
“Of late we do not have a problem of vanishing companies because particularly now the directors have a number, a din number, therefore likelihood of vanishing companies has gone down. We also have early warning system,” said Khurshid.
“We are actually automatically through a computerized programme looking at any aberrant behavior of companies that may lead to something that require closer a look and thirdly we have tightened up the prosecution procedures,” he added.
Ramalinga Raju, who resigned as chairman of Satyam Computer Services Ltd. in January 2009 has been charged for his role in a Rs 7,100 crore financial scam. (ANI)
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- Satyam case: Andhra Pradesh High Court grants bail to Raju - Aug 18, 2010
- Government hopeful US will not impose any penalty on Satyam - Jul 13, 2010
- Satyam's Ramalinga Raju, two others get bail - Nov 04, 2011
- Satyam scam: Court dismisses discharge plea of nine accused - Oct 25, 2010
- Satyam scam: Examination of Raju, others adjourned to July 26 - Jul 23, 2010
- India asks US regulator not to levy fine on Satyam - Dec 15, 2009
- Satyam case: no bail for Raju, seven others - Aug 30, 2011
- Salman Khurshid assures Maytas' NRIs investors of government help - Jan 07, 2010
- Five accused in Satyam scam get bail - Jul 20, 2010
- Former Satyam chief Raju gets bail (Second Lead) - Aug 18, 2010
- Andhra High Court adjourns hearing on Raju's bail plea - Aug 05, 2010
- Supreme Court cancels bail to Satyam's Raju, asks him to surrender by Nov. 8 - Oct 26, 2010
- Special fraud probe team looking at Satyam case: Khurshid - Nov 05, 2009
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