Archive for October, 2009

Satyam fraud case: Special court to be set up soon in Hyd

A special court, headed by an additional chief metropolitan magistrate, will be set up soon in Hyderabad for a speedy trial of the Satyam Computers fraud case.
The Andhra Pradesh Cabinet, which met here today under the chairmanship of Chief Minister K Rosaiah, accepted the Central Bureau of Investigation’s (CBI) request for setting up such a [...]

Icai wings clipped over Satyam scam

New Delhi: The fraud perpetrated by Satyam Computer Services Ltd’s founder B. Ramalinga Raju has claimed some collateral damage: the apex body of accountants in the country, and its current president Uttam Prakash Agarwal.
The government has, in recent weeks, tightened its control over the Institute of Chartered Accountants of India (Icai) diluting Agarwal’s own powers [...]