A S Murthy becomes new CEO of Satyam

Hyderabad, Feb. 5 (ANI): A S Murthy was appointed as the new CEO of the Satyam Computer Services on Thursday after the besieged board of the IT company upgraded his profile from the global business head.

Partho S Dutta and Homi Khusrokhan became Special Advisors of Satyam.

More arrests were being speculated during the day in 7,800 crore rupees fraud involving the IT giant.

CID officials probing the case have indicated more arrests in a fortnight.

"We are constantly scrutinizing the seized documents and trying to retrieve data from the hard-disks and laptops recovered during the raids of residences and offices of Satyam officials including its former chairman B Ramalinga Raju,"a senior CID official said.

"There are over 25 trunks loaded with seized documents and we are putting all our efforts to scrutinise (them) with the help of financial experts," the CID official added.

The CID is taking the services of experts of the National Informatics Centre (NIC) and Forensic Science Laboratory to recover the data from the seized computers.

He said that the probe agency was in its last leg to retrieve information from the computers, and it had been ordered by the court to share the information with other Central investigating agencies like SEBI, the SFIO and the Income-Tax department.

Once the investigating agency completes its work of scrutinising the documents, more arrests may follow.

He also informed that the CID was taking help from auditors and chartered accountants to check balance sheets and other accounting statements of the fraud-hit IT company. (ANI)