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| Satyam fraud: CBI records statements of SEBI officials
Last Updated: 2009-04-13 11:48:05
New Delhi: The CBI has recorded statements of officials of stock market regulator SEBI in the case pertaining to the multi-crore rupee accounting fraud in Satyam Computer.
A CBI team in Mumbai examined the documents available with the market regulator regarding the share transactions of the IT firm, official sources said.
The probe team also recorded statements of officials of leading financial management and advisory firm DSP Merrill Lynch in connection with the fudging of the account books in the scam.
Satyam got Rs 2,000 cr receivables in Jan-March
The firm was appointed by the board headed by former Satyam Chairman B. Ramalinga Raju following the aborted Satyam-Maytas deal, to look for a strategic partner along with a plan to increase shareholder value.
'No evidence of Raju lending money to Satyam'
However, DSP Merrill Lynch snapped its engagement with Satyam soon after the disclosure of the accounting fraud at the IT firm.
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The CBI is trying to understand the share transactions of the Satyam group of companies on the National Stock Exchange and the Bombay Stock Exchange, officials said.
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