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Advani demands judicial probe into Satyam fraud
Updated On: 24 January, 2009 10:08 AM IST | | IANS
Opposition leader L K Advani demanded a judicial probe into the fraud in Satyam Computers Services, whose founder B. Ramalinga Raju has been accused of diverting Rs.74 billion (Rs.7,400 crore) from his company for personal wealth.
Opposition leader L K Advani demanded a judicial probe into the fraud in Satyam Computers Services, whose founder B. Ramalinga Raju has been accused of diverting Rs.74 billion (Rs.7,400 crore) from his company for personal wealth.
"Small investors have been badly hurt by this fraud, which involves a figure of Rs.7,000 crore. It has also hurt the image of India's corporate sector globally," Advani said at a function held to mark the 112th birth anniversary of Netaji Subhas Chandra Bose at the Federation of Indian Chambers of Commerce and Industry (FICCI) here.
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