Archive for February 12th, 2009

ICAI submits interim report on Satyam scam

MUMBAI: The high power committee of the Institute of Chartered Accountants of India (ICAI) on Wednesday submitted its interim report on the financial scam of Satyam Computer Services.
ICAI said the report is interim in nature since restatement of accounts of Satyam is in progress and is expected to take another two months to complete. ICAI [...]

Govt yet to freeze Satyam firms: CID

HYDERABAD: The Crime Investigation Department (CID) is stumped by the huge number of land transactions done by the 324 benami firms of Satyam but
the government has done nothing as yet to put a halt to this business of buying and selling land.
The stamps and registration department has not issued any orders to freeze transactions on [...]