Forensic experts to help crack Satyam scam

Posted By: Staff
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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)

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