CBI team takes over Satyam probe

February 17th, 2009 NEW DELHI - The Central Bureau of Investigation (CBI) Wednesday will take over the investigation into the Rs.70-billion (Rs.7,000-crore/$1.43 billion) Satyam accounting fraud from the Andhra Pradesh police. 'We have received the notification from the government of India to take over the Satyam Computers scam cases from CID, Andhra Pradesh.

February 5th, 2009 NEW DELHI - Noted technocrat Kiran Karnik was Friday named chairman of the scam-hit Satyam Computer Services even as the probe by the Serious Fraud Investigation Office was extended to 325 more companies associated with the beleaguered firm. Corporate Affairs Minister P.C.

February 20th, 2009 NEW DELHI - The Central Bureau of Investigation (CBI) Friday registered a case against disgraced Satyam founder B. Ramalinga Raju for the Rs.70 billion fraud and constituted a multi-disciplinary investigation team (MDIT) for the probe.

January 7th, 2009 HYDERABAD - Where is B. Ramalinga Raju? Everyone is trying to find an answer to the question after the chairman of Satyam Computers resigned Wednesday confessing to a Rs.70 billion (Rs.700 crore) fraud.

January 8th, 2009 HYDERABAD - The crime branch of the Andhra Pradesh police Friday began probe into the Rs.70-billion accounting fraud in the city-based IT service firm Satyam Computer Services, even as the market regulator continued its probe for the second consecutive day and summoned before it the company's former chairman. The Criminal Investigation Department's (CB-CID) team checked records at Satyam's headquarters here and spoke to associates of disgraced former chairman B.

February 25th, 2009 HYDERABAD - The Andhra Pradesh government Wednesday promised to render all possible assistance to the Central Bureau of Investigation (CBI) in probing the massive fraud in Satyam Computer Services after the High Court expressed its displeasure over the lack of cooperation with the investigating team. On a direction from the court, the government filed a report within two and half hours, detailing the steps it would take to extend cooperation with the multi-disciplinary team of the CBI.

January 8th, 2009 HYDERABAD - Market regulator Securities Exchange Board of India (SEBI) Friday granted 24 hours to B. Ramalinga Raju, the disgraced former chairman of Satyam Computer Services, to appear before it for a hearing into the Rs.70-billion (Rs.7,000-crore) fraud he admitted the company has committed.

January 7th, 2009 HYDERABAD - Beleaguered former Satyam Computer founder-chairman B. Ramalinga Raju is in this city and has no intention to avoid the process of law, his lawyer S.

January 7th, 2009 HYDERABAD - Satyam Computer founder-chairman B. Ramalinga Raju, whose whereabouts are not known after his shocking admission of massive financial fraud, is in the city and has no intention to avoid the process of law, his lawyer claimed Thursday even as a top company official said they did not rule out filing a criminal case against him.

January 6th, 2009 HYDERABAD/NEW DELHI - The Andhra Pradesh government Wednesday ordered a preliminary inquiry by the crime branch of the police into a financial fraud by IT major Satyam Computers. Chief Minister Y.S.

January 8th, 2009 HYDERABAD - Special teams of Securities and Exchange Board of India (SEBI) Friday continued their probe for the second day into the Rs.70-billion Satyam fraud. A three-member SEBI team headed by its southern regional manager A.

February 15th, 2009 NEW DELHI/HYDERABAD - The central government has finally handed over the investigations into the Satyam fraud to the Central Bureau of Investigation (CBI). 'CBI will look into all aspects of the investigation,' Corporate Affairs Minister P.C.

January 9th, 2009 NEW DELHI - India's capital market regulator C.B. Bhave met Corporate Affairs Minister P.C.

January 18th, 2009 NEW DELHI - The government Monday ordered a probe into possible 'nexus' between the fraud-hit Satyam Computer Services and its tainted founder B. Ramalinga Raju's two family-run firms Maytas Properties and Maytas Infrastructure.

January 12th, 2009 HYDERABAD - Police Tuesday conducted a raid on the Hyderabad office of PricewaterhouseCoopers (PwC), the former auditor of Satyam Computer Services, as part of the probe into the Rs.70 billion fraud by the IT bellwether. Crime Investigation Department (CID) officials said a team raided the PwC office in the upmarket Jubilee Hills and seized documents and other records.