YSR writes to Manmohan Singh on Satyam Fiasco

Posted By: Staff
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New Delhi, Jan 28: Open to CBI probe into Satyam fraud, Andhra Pradesh Chief Minister Y S Rajasekhar Reddy said Prime Minister, Manmohan Singh that the IT firm was involved in embellishment of accounts from past seven years.

"Investigation has so far revealed embellishment of bank accounts by the Company for more than seven years to impress the clients within the country and overseas...Our Government would welcome making over the case to CBI, if deemed appropriate," Reddy said in a letter to the Prime Minister.

Stressing on the need for mechanism between the Central agencies and departments like SEBI and the Serious Fraud Investigation Office, he said the scope of probe underway by the state government included Satyam's connection with the Maytas firms.

OneIndia News (With inputs from Agencies)

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