sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
General »
 Composition Dealers need not furnish data in serial number 4A of Table 4 of FORM GSTR-4
 I-T Dept may probe tax evasion through F&O trades
 IL&FS crisis: ICAI seeks explanation from audit firms
 Arun Jaitley pushes for more tax filing in FY19
 Are you filing Income Tax Return (ITR)? This is where you are trapped! Know what is Form 16 , Form 16A, Form 26AS, TDS statement
 Officials handling GST can assess all No centre-state wall
 How is long-term capital gain from Nabard bonds taxed?
 Himachal Pradesh government notifies TDS and TCS provisions
 Tax law panel may look to drop dividend distribution tax (DDT)
 Lifestyle to refund profiteered amount
 How to club tax benefits and retirement planning to ensure peace of mind

CBI reduces number of witnesses in Satyam case
June, 15th 2011

The CBI, probing the multi-crore accounting scam in Satyam Computers, has reduced the number of witnesses in the case to 220 as against 690 mentioned in the charge sheet, following directions from the Supreme Court to speed up the trial, a top official said.

Lakshmi Narayana, DIG, CBI said as per the apex court directives, the number of documents supporting the charge sheet, which were around 3,067, have also been reduced to a thousand-odd.

"From our side, we are keeping up with the pace of the trial. We are trying our best to follow Supreme Court directions. So far, 212 witnesses have been produced in a court here," Narayana told PTI.

Overruling a decision of the Andhra Pradesh High Court that had granted bail to B Ramalinga Raju in the case, the apex court on October 26 last year, said the prime accused cannot approach court for bail until July 31, 2011.

Narayana said they are still awaiting replies for Letters Rogatory (LR), from four countries out of the total six.

The agency earlier had received replies from two countries-UK and Singapore. Based on the content of the replies from the remaining countries, there may be fresh charges against the accused, the DIG said.

The CBI had sent LR, a formal request from a court here to a foreign court for judicial assistance, to six countries - USA, UK, Belgium, British Virgin Islands, Mauritius and Singapore.

The CBI in its charge sheet alleged that Raju diverted funds to foreign countries.

The new management of Satyam Computers, under Mahindras, also found that the fudging by Raju and his aides was not done just for manipulating the balance sheet to show non-existent revenues and profits, but also for making money by getting some projects awarded to the company outside its accounting system and thereby pocketing the revenues.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Work Flow Workflow Software Software Automation Workflow automation Software Design Workflow Design Business Work Flow Workflow automation tools

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions