CID begins probe into Satyam Computer fiasco
The Criminal Investigation Department has launched investigation into the Satyam Computer scandal after the Andhra government finally gave the go-ahead. Satyam sinks | Anatomy of fraud | See graphicsbusiness Updated: Jan 09, 2009 16:09 IST
The Criminal Investigation Department of the Andhra Pradesh Police has launched investigation into the Satyam Computer scandal after the state government finally gave the go-ahead on Friday.
Director General of Police SSP Yadav will personally supervise the investigation, highly-placed police sources told PTI.
The DGP held a meeting with CID Additional Director General A Sivanarayana, Inspector General (Economic Offences Wing) VSK Kaumudi and other senior officials and reviewed the Satyam case.
Thereafter, the DGP discussed the case with state Chief Secretary P Ramakanth Reddy and reportedly sought directions on proceeding against Satyam ex-chairman B Ramalinga Raju. Emerging out of the meeting with the Chief Secretary, the DGP declined to comment. "Whatever you may ask, I shall not speak anything," was his curt reply.
Meanwhile, police sources said that there was no likelihood of the arrest of Ramalinga Raju. "His so-called confessional statement written to the SEBI cannot form an evidence. It doesn't stand legal scrutiny," a top official said.
Unless the SEBI completed its investigations and filed a complaint, the police could not act on their own, the official added.