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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.

"Whatever you ask, I shall not speak anything," was his curt reply.

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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