Satyam Case to be handed to CBI

The investigation into the Rs 7,136-crore financial fraud at Satyam Computer Services was today handed over to the Central Bureau of Investigation (CBI). The CBI has come into the picture 40 days after the former Chairman, Mr B. Ramalinga Raju, made disclosures about fudging the numbers. The central agency will probe the scam from different angles and has powers to have special courts to examine the accused. The other agencies – SEBI, SFIO, Income-Tax Department – will continue with their line of investigation. The Andhra Pradesh Government has issued the necessary order facilitating CBI probe, the State Home Minister, Mr K. Jana Reddy, told newspersons here on Monday. The CB-CID of Andhra Pradesh Police has been investigating the fraud so far