Satyam investigation handed over to CBI

February 16th, 2009 - 9:34 pm ICT by IANS  

Hyderabad, Feb 16 (IANS) The Satyam fraud investigation has been been handed over to the Central Bureau of Investigation (CBI), Corporate Affairs Minister P.C. Gupta said here Monday.

“CBI will look into all aspects of the investigation,” Gupta told reporters.

He added that the Serious Fraud Investigation Office (SFIO) and the Securities Exchange Board of India (SEBI) will continue with their respective investigations into the Rs.70 billion (Rs.7,000 crore) accounting fraud.

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