The CBI will file its final chargesheet on Rs 14,000-crore Satyam fraud after receiving responses to the Letters of Rogatory (LoR) seeking information in this regard from six countries, Parliament was informed on Thursday.

The CBI is reported to have sent LORs — a formal request sent from the court of one country to a foreign court for judicial assistance — to six countries: the USA, the UK, Belgium , British Virgin Islands , Mauritius and Singapore .

“CBI has issued Letter of Rogatories to six countries. Since chargesheets will be filed after getting the information from these countries, no time limit can be indicated,” Minister of State for Corporate Affairs RPN Singh said in a written reply in Lok Sabha.

Singh was replying to a question on by when the CBI was expected to file final chargesheets on the Satyam scam.

Singh further informed Parliament that the Serious Fraud Investigation Office (SFIO), alongwith the CBI and the Enforcement Directorate, was still probing diversion of funds and role of individual directors in the scam that came to light in January 2009.

He added that the accounting regulator ICAI is yet to punish the six CAs involved in the scam and disciplinary proceedings are underway.

In January 2009, Satyam founder and former chairman B Ramalinga Raju had confessed of having cooked the books of the company for several years. Raju is at present behind the bars and cases relating the scam are being tried in a special court in Hyderabad.

More Under CA, CS, CMA

Posted Under

Category : CA, CS, CMA (3863)
Type : News (13869)
Tags : ICAI (2697)

Leave a Reply

Your email address will not be published. Required fields are marked *

Featured Posts