shot-button
HMPV HMPV
Home > News > India News > Article > Satyam an aberration in system

Satyam an aberration in system

Updated on: 13 February,2009 05:37 PM IST  | 
PTI |

The government on Friday said it was business as usual at Satyam Computer ever since a new board took its reins following an accounting scam, which the Corporate Affairs Minister described as an aberration.

Satyam an aberration in system

Different investigating agencies - SEBI, Registrar of Companies (RoC) and Serious Fraud Investigation Office (SFIO) - are looking into the fraud and "I assure you that those found guilty would be meted out severe punishment."



With regard to two companies promoted by Satyam founder Ramalinga Raju's family - Maytas Infra and Maytas Properties, the minister said that "as per the initial investigations certain interconnection has been found and therefore, SFIO's ambit of investigation has been expanded to these two firms also."

CPI-M member Rupchand Pal, however, alleged that the scamster (referring to the main accused Ramalinga Raju) is being protected. "Operation cover-up is going on... the scamster is under protected custody and enjoying 5-star facilities," Pal said.

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!

Did you find this article helpful?

Yes
No

Help us improve further by providing more detailed feedback and stand a chance to win a 3-month e-paper subscription! Click Here

Note: Winners will be selected via a lucky draw.

Help us improve further by providing more detailed feedback and stand a chance to win a 3-month e-paper subscription! Click Here

Note: Winners will be selected via a lucky draw.

satyam prem chand gupta lok sabha sebi sfio maytas infra maytas properties rupchand pal

Mid-Day Web Stories

Mid-Day Web Stories

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK