CBI to take over Satyam probe from Andhra police

Tuesday, February 17, 2009

NEW DELHI - The Central Bureau of Investigation (CBI) Wednesday will take over the investigation into the Rs.70-billion (Rs.7,000-crore/$1.43 billion) Satyam accounting fraud from the Andhra Pradesh police.

‘We have received the notification from the government of India to take over the Satyam Computers scam cases from CID, Andhra Pradesh. We are going into various aspects of this multi-dimensional and unique scam. We will soon register the case,’ the agency said in a statement.

The CBI now proposes to establish a multi-disciplinary investigation team based in Hyderabad.

The Department of Personnel, under which the CBI functions, issued a notification Wednesday morning asking the agency to probe the scam, which was being investigated by the CB-CID of the Andhra Pradesh police.

This comes after the Andhra Pradesh government requested the central government for a CBI probe.

The agency can now avail up to nine days to interrogate Satyam founder B. Ramalinga Raju.

Raju had Jan 7 confessed that he had cooked the company’s account books and inflated profits over the past several years.

Filed under: India, Satyam

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