BJP demands single agency probe into Satyam fraud
Questioning the propriety of Andhra Pradesh CID investigating the Satyam Computers Services fraud, the BJP on Saturday asked the central government to establish a mechanism to probe the scam by a single agency with powers to reveal the fact.?

It was the biggest scam in the IT sector and there were several components in the fruad like issues related to RBI, market regulator SEBI, FEMA and Company Law Act, BJP MP and former uniom minister Rajiv Pratap Rudy told reporters here.?

Raising a question on the competency and jurisdiction of the state CID to investigate the fraud, Rudy said the central government has said the Satyam scam, which has so many dimensions, was a failure of the management, its board, chartered accountant and market regulator SEBI.?

All these points raise apprehensions about the locus standi of the State government to handover the case to State CID, he said and added that the agency (CID) was not competent to carry out various dimensions of the fraud.?

Alleging the involvement of the IT Ministry in the fraud, the BJP leader said the scam is possible without the support of the state government.?
Close