HYDERABAD: A local court trying Satyam Computers multi-crore accounting scam today recorded the version of Company Secretary of Mahindra Satyam G Jayaraman. Incidentally, Serious Fraud Investigation Office (SFIO) has named Jayaraman as an accused in the Satyam scam. The case is separately being tried in another court.

Jayaraman informed the court about the previous board resolutions, loans taken from various banks with or without board resolutions etc, K Surrender, Counsel for CBI which filed chargesheet in the case, said.

Jayaraman also informed the court about the fees paid to the auditors and testified various documents including signatures on them and mentioned that the two auditors who were accused in the case- A Gopalakrishnan and T Srinivas belonged to PricewaterHouse, Bangalore, which was an independent entity from PricewaterHouse.

As per the Supreme Court direction, the metropolitan court will have to complete the trial by July 31.

The CBI had earlier said it was confident of completing examination of witnesses before the court by April end.

Meanwhile, the economic offences court which is trying the cases filed by SFIO completed hearing of charges in four cases.

In January 2009, Ramalinga Raju, former chairman of Satyam Computers had admitted to the multi-crore accounting fraud at the company, now known as Mahindra Satyam.

More Under CA, CS, CMA

Posted Under

Category : CA, CS, CMA (3859)
Type : News (13864)
Tags : company secretaries (181) ICSI (431)

Leave a Reply

Your email address will not be published.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