350 MORE COMPANIES/ENTITIES/INDIVIDUALS RELATED TO THE CASE BROUGHT UNDER SFIO INVESTIGATION
Shri Kiran Karnik, a Board member of Satyam Computer Services and an eminent person of IT sector, has been named as Chairman of the Company. This was announced by Shri Prem Chand Gupta, Minister of Corporate Affairs, here this evening while addressing a Press Conference. Shri Gupta also informed the Press that about 350 more companies/entities/individuals related to the Satyam case have been brought under the SFIO (Serious Fraud Investigation Office) investigation. This investigation will be done under Section 240 of the Companies Act, 1956.
Minister of Corporate Affairs also informed that the ongoing investigation into the affairs of other 150 companies/entities is proceeding in the right direction.
Shri Kiran Karnik, a Board member of Satyam Computer Services and an eminent person of IT sector, has been named as Chairman of the Company. This was announced by Shri Prem Chand Gupta, Minister of Corporate Affairs, here this evening while addressing a Press Conference. Shri Gupta also informed the Press that about 350 more companies/entities/individuals related to the Satyam case have been brought under the SFIO (Serious Fraud Investigation Office) investigation. This investigation will be done under Section 240 of the Companies Act, 1956.
Minister of Corporate Affairs also informed that the ongoing investigation into the affairs of other 150 companies/entities is proceeding in the right direction.
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