SFIO refers Satyam scam to Enforcement Directorate
Ministry of Corporate Affairs investigative agency Serious Fraud Investigation Office (SFIO) has failed to trace the Rs.760 crore transfer in Satyam Computer Services scam case. The whopping amount that the company has claimed to be deposited in Citibank, New York. The agency has referred the case to Enforcement Directorate for further inquiry.
The reason cited by the agency is that all the transfers were done through Citibank, Bahrain to various unknown accounts making it difficult to trace the ultimate recepients.
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