By IANS,
Kolkata : The Enforcement Directorate (ED) is yet to give its final report on the multi-crore accounting fraud in Satyam Computers, Corporate Affairs Minister Salman Khurshid said here Tuesday.
“The ED and the US Internal Revenue Services (IRS) are looking basically at the compensation angle of the fraud. The prosecution angle is being looked after by the Central Bureau of Investigation (CBI),” the minister said.
The ED report has got delayed because the body would have to go to several countries and follow a prolonged and complex process, he said. The Andhra Pradesh High Court has approved setting up a fast-track court to settle the case.
Satyam founder Ramalinga Raju stunned corporate India Jan 7 this year by admitting the Rs.78-billion multi-crore accounting fraud. The accused face charges of cheating, criminal conspiracy, falsification of records and forgery.
The scam-hit company was later taken over by Tech Mahindra, the IT arm of the Mahindra group, and renamed as Mahindra Satyam.