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Satyam fiasco: CID begins probe
January 09, 2009 15:51 IST
The criminal investigation department of the Andhra Pradesh Police has launched investigation into the Satyam [Get Quote] Computer scandal after the state government finally gave the go-ahead on Friday.
Director general of police S S P Yadav will personally supervise the investigation, highly-placed police sources told PTI.
The DGP held a meeting with CID additional director general A Sivanarayana, inspector general (economic offences wing) VSK Kaumudi and other senior officials and reviewed the Satyam case.
Thereafter, the DGP discussed the case with state chief secretary P Ramakanth Reddy and reportedly sought directions on proceeding against Satyam ex-chairman B Ramalinga Raju.
Emerging out of the meeting with the chief secretary, the DGP declined to comment.
Meanwhile, police sources said there was no likelihood of the arrest of Ramalinga Raju.
"His so-called confessional statement written to the Securities and Exchange Board of India cannot form an evidence. It doesn't stand legal scrutiny," a top official said.
Unless the Sebi completed its investigations and filed a complaint, the police could not act on their own, the official added.
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