Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Top Headlines »
Open DEMAT Account in 24 hrs
 Delhi HC Rules GST Registration Cannot Be Cancelled Retrospectively Without a Clear Show Cause Notice (SCN)
 Belated income tax return AY 2026-27: How to file, late filing charges and what you may lose
 Major Financial Changes from August 1, 2026: ITR Deadline, RBI MPC Meeting, Tatkal Ticket Rules & More
 Government proposes to ease tax relief conditions for offshore funds
 TallyPrime Connected Banking: Automating Banking and Accounting
 ITR Filing Deadline 2026: Is July 31 the Last Date to File Your Income Tax Return? Latest Official Update
 ITR filing deadline nears: How to file income tax return online on e-filing portal - quick 15-step guide
 Will the ITR Filing Deadline Be Extended Beyond July 31 for FY 2025-26? Here's the Latest Update for Taxpayers
 Income Tax Refund Delayed for AY 2026-27? 5 Common Reasons Your Refund May Be Stuck and How to Fix It
 ITR Filing 2026: FM Nirmala Sitharaman Asks Tax Officials to Let Honest Taxpayers Correct Genuine Mistakes
 Will Your FCNR Deposit Stay Tax-Free After Returning to India? Tax Rules Explained for NRIs

SFIO to soon initiate prosecution in Satyam case
May, 15th 2009

The government is likely to soon give its nod to the Serious Fraud Investigation Office (SFIO) for initiating prosecution against the persons involved in the Rs 7,800 crore-accounting fraud at Satyam Computer Services.

The ministry of corporate affairs is in consultation with the law ministry and will take a decision on filing cases in the Satyam case by the week-end, sources said.

The investigating agency will be filing cases against disgraced promoter of Satyam Computer B Ramalinga Raju, his brother B Rama Raju and few other company officials.

SFIO, which was asked by the corporate affairs ministry to probe the Satyam fraud, submitted a 14,000-page report to the government giving details of modus operandi, violations of various provisions of the Companies Act and offences punishable under the Indian Penal Code.

The investigation agency in its report levied 32 charges against the people involved in the Satyam fraud.

Following disclosure of the accounting fraud by Satyam founder Raju, various government agencies including SFIO, the Central Bureau of Investigation, the Securities and Exchange Board of India have initiated probes into the scam.

The Institute of Chartered Accountants of India (ICAI) also appointed a disciplinary committee to look into the role of auditors in the accounting fraud.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2026 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting