scorecardresearch
Follow Us:
Monday, July 04, 2022

Govt sees ‘nexus’ between Satyam,Maytas

Govt has said there appeared to be a 'nexus' between the fraud at outsourcer Satyam Computer Services and other firms.

Written by Reuters | New Delhi |
January 19, 2009 6:55:36 pm

Corporate affairs minister Prem Chand Gupta said there appeared to be a ‘nexus’ between the fraud at outsourcer Satyam Computer Services and other firms linked to its promoters.

Gupta said the government had extended the probe by the Serious Fraud Office to two firms in which the family of jailed Satyam founder Ramalinga Raju hold stakes.

“The inspectors investigating the matters have informed about apparent nexus between the events that have taken place in Satyam and the following companies amongst others — Maytas Properties Ltd and Maytas Infra Ltd,” Gupta added.

Best of Express Premium
UPSC Key-July 4, 2022: Why to read ‘floating solar plants’ or ‘malnutriti...Premium
DMK MP Raja’s heated pitch on ‘separate Tamil Nadu’, au...Premium
UPSC Essentials: Key terms of the past weekPremium
ExplainSpeaking: Despite the fall, are Indian stock markets still overval...Premium

Express Explained Go beyond the news. Understand the headlines with our Explained stories

📣 Join our Telegram channel (The Indian Express) for the latest news and updates

For all the latest Business News, download Indian Express App.

  • Newsguard
  • The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.
  • Newsguard
Advertisement
Advertisement
Advertisement
Advertisement