Forensic experts to help crack Satyam scam
New Delhi, Jan 16: Government is seeking the help of private forensic accountants to unravel the India's big corporate fraud done by Satyam's Ramalinga Raju. The govt agencies are finding it hard to decipher the complex accounting web created by Raju. He has cooked the Satyam books for many years but nobody could detect it till Raju himself admitted fudging the accounts.
The
govt
investigators
are
finding
it
difficult
to
figure
out
the
intricated
accounting
web
Raju
has
done.
He
might
have
played
around
with
the
format
of
accounts,
sources
disclosed.
Forensic
accounting
experts
from
KPMG
have
been
called
in
to
unravel
the
scam
as
normal
review
team
would
find
it
too
complex
to
decipher
it.
KPMG is the global network of professional services firms whose aim is to turn understanding of information, industries, and business trends into value. Restating the accounts of Satyam is now the task of KPMG along with Delloite.
Through
the
forensic
probe,
investing
agenices
are
trying
to
get
into
the
roots
of
the
fraud
as
forensic
reports
will
give
clues
acout
criminal' s
behaviour
also.
A
new
accounting
format
will
be
developed
by
the
investigation
team
which
will
not
leave
any
scope
for
such
forgeries
in
future.
Forensic
experts
are
helping
Serious
Fraud
Investigation
Office
(SFIO)
which
is
investigating
Satyam
scam.
OneIndia News (With inputs from Agencies)