Satyam scam trials to begin in 3-4 weeks: Report

Posted By: Staff
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New Delhi, Nov 27: A court here will begin trials for the multi-billion fraud at Satyam Computer Services in three to four weeks, a newspaper report said on Friday, Nov 27.

According to Mint Newspaper report, a designated CBI court had scheduled the hearing on framing of charges against Raju and nine others accused in the case on Dec 9.

The accounting fraud in Satyam Computers came to light on Jan 7 when Raju quit as Satyam chairman while confessing that he had cooked the company's accounts and inflated profits over several years.

On Thursday, Nov 27, the Central Bureau of Investigation official said the accounting scam is to the tune of Rs 14,000 crore and not Rs 7,800 crore.

OneIndia News

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