Hyderabad/New Delhi: The Andhra Pradesh government has handed over the Rs 7,800-crore Satyam scam to the CBI, more than a month after the IT major's founder B Ramalinga Raju confessed to cooking his company's account books and inflating profits over the last many years.
Andhra Pradesh Home Minister K Jana Reddy today said the state has issued a 'Government Order' handing over the probe into the Satyam Computers fraud to the Central Bureau of Investigation. The order was issued on February 13, he added.
Separately, Union Corporate Affairs Minister Prem Chand Gupta told PTI in New Delhi that the case would be now jointly probed by the CBI, along with the SFIO and other agencies.
"Now, the case will be probed jointly by the CBI, SFIO, I-T department and others," Gupta said.
The country's biggest ever corporate scam, currently being probed by the Serious Fraud Investigation Office (SFIO) in Hyderabad, is expected to be discussed in the Rajya Sabha tomorrow, Gupta added.
Earlier, Chief Minister Y S Rajasekhara Reddy had written two letters to Prime Minister Manmohan Singh proposing that the CBI take over the investigation into the Satyam fraud in view of the multi-faced nature of the issue.
The scandal is currently being probed by the CB-CID of Andhra Pradesh police also.
On January 7, B Ramalinga Raju had confessed to manipulating his company's account books and inflating profits over the last many years to the tune of Rs 7,800-crore.
Following his confession, the government had superceded the board of the I-T major and had ordered an SFIO probe into Satyam and its subsidiaries. More than 300 entities related to Satyam and to Raju’s family are also being probed by the SFIO team.
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