New Delhi/ Hyderabad, Feb 19 (ANI): The Central Bureau of Investigation (CBI) has said it would form a multi-disciplinary investigation team to probe the accounting fraud at IT major Satyam Computer Services Ltd.
The CBI, which has taken over the probe, said a consultative mechanism was being worked out with all departments concerned.
"We are going through various aspects of this multi-dimensional and unique scam. We will soon register the case. The CBI now proposes to establish a multi-disciplinary investigation team with headquarters at Hyderabad. A joint consultative and coordination mechanism is being worked out with concerned ministries, departments and institutions for providing necessary assistance to the CBI," said Harsh Behl, a CBI spokesman.
Meanwhile, a city court in Hyderabad has dismissed the bail petitions of Satyam founder B Ramalinga Raju, his brother Rama Raju and former CFO V Srinivas, all of them whom are lodged in the Chanchalguda Jail here.
A case has been filed against Raju under Sections 120-B (criminal conspiracy), 406 (criminal breach of trust), 420 (cheating), 468 (forgery for cheating) and 477-a (fraudulent cancellation of securities) of IPC.
Raju had disclosed a financial fraud in the company to the tune of Rs 7,800 crore by inflating profits and showing fictitious assets where none existed. (ANI)
The CBI, which has taken over the probe, said a consultative mechanism was being worked out with all departments concerned.
"We are going through various aspects of this multi-dimensional and unique scam. We will soon register the case. The CBI now proposes to establish a multi-disciplinary investigation team with headquarters at Hyderabad. A joint consultative and coordination mechanism is being worked out with concerned ministries, departments and institutions for providing necessary assistance to the CBI," said Harsh Behl, a CBI spokesman.
Meanwhile, a city court in Hyderabad has dismissed the bail petitions of Satyam founder B Ramalinga Raju, his brother Rama Raju and former CFO V Srinivas, all of them whom are lodged in the Chanchalguda Jail here.
A case has been filed against Raju under Sections 120-B (criminal conspiracy), 406 (criminal breach of trust), 420 (cheating), 468 (forgery for cheating) and 477-a (fraudulent cancellation of securities) of IPC.
Raju had disclosed a financial fraud in the company to the tune of Rs 7,800 crore by inflating profits and showing fictitious assets where none existed. (ANI)
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